Home >
Taxation >
New Zealand >
New Zealand Master Tax Guide 2016

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