New Zealand Master Tax Guide 2016

Author: CCH Editors
Publisher: CCH New Zealand
ISBN: 9781775471356
Published In: February 2016
Format: Paperback (2 volumes) , 1744 pages
Jurisdiction: New Zealand ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Description

Details

The Master Tax Guide, New Zealand’s most popular tax handbook, contains practical examples and concise summaries of legislation, cases and IRD rulings and statements affecting the 2015/16 and future tax years. Updated to 1 January 2016, the commentary is concise and easy to read.

Recent legislative changes and proposed changes covered include:

new rules requiring tax information to be supplied on the sale and purchase of land
the bright-line test requiring tax to be paid on gains from land bought and sold within two years
new rules allowing companies to “cash out” their tax losses from research and development (R&D) expenditure
tax deductions for certain “black hole” business expenditure
clarification of the law on bodies corporate and registration for GST
simplification of the administration of the child support scheme
changes to address child support debt
remedial amendments to the CFC and FIF rules
changes to the tax pooling rules to allow a withdrawal to pay interest
remedial changes to the foreign superannuation rules
clarification of the formula for valuing accommodation in certain situations
reducing the number of individuals required to file income tax returns
improvements for families receiving Working for Families tax credits
clarification of the rules for apportioning expenditure on mixed-use assets
removal of the KiwiSaver kick-start payment
changes to allow withdrawal of a KiwiSaver member’s member tax credits when purchasing their first home, and
changes to simplify the tax administration system as part of Inland Revenue’s Business Transformation.

The new edition also covers:

the updated national standard costs and national average market values for specified livestock
all public rulings, interpretation statements, questions we’ve been asked and standard practice statements released by the Commissioner in 2015
all issues papers and discussion documents released by the government in 2015
new developments in case law from reported 2015 judgments.

As well as the comprehensive guidebook, you also receive:

a free copy of New Zealand Depreciation Rates
a free eBook version of the New Zealand Master Tax Guide