Iain Blakeley

Barrister - Tax Expert - Business Adviser - Director, Professional, Practical, Fast, Affordable

Capital gains tax

New rules for property transactions

The Government has acted to require buyers and sellers of property to have IRD numbers. see http://taxpolicy.ird.govt.nz/news/2015-06-23-property-tax-rules-bill-introduced The Taxation (Land Information and Offshore Persons Information) Bill was introduced into...

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GSTĀ on gifts (so Santa is probably not GST registered). 2. GSTĀ registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

Savings up + GST collections down = GST rate up?

Kiwi households are saving more than at any time since 1995 according to the latest national accounts. http://www.beehive.govt.nz/release/household-savings-rate-positive-five-years The flip side is with low inflation and lower consumption the Government's GST take is...

Election 2014 – your GST vote

This weekend's New Zealand general election offers some choice in GST policy. So, if you're a GST geek like me you might be swayed by what the different parties intend doing about GST. Here's what I've been able to find out about some of the main parties' GST...

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GST on gifts (so Santa is probably not GST registered). 2. GST registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

Capital gains tax

I know it's wishful thinking to expect real analysis in political debates but, honestly, whether it's time to introduce a capital gains tax in New Zealand is an issue which deserves more than the usual ping pong game of political rhetoric. The refrain of the most...