Iain Blakeley

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

Inland Revenue
There’s tax in that gold!

There’s tax in that gold!

New Zealand Inland Revenue says in most cases the sale of gold bullion is taxable. According to a "Questions we've been asked" published by Inland Revenue on 20 September, "in most cases gold purchased in bullion form will be purchased for the dominant purpose of...

IRD wants to hear from employers

IRD wants to hear from employers

IRD wants to know what employers think of their proposals for correcting and adjusting PAYE filings. This recently released officials' paper sets out the background and proposals: http://taxpolicy.ird.govt.nz/publications/2017-ip-paye-error-correction/overview A tax...

GST derails another property sale

GST derails another property sale

Recently from the Court of Appeal, another example of how GST can derail what should have been a simple property sale. Y & P NZ Ltd v Yang Wang & Chen Zhang [2017] NZCA 280 is a decision from the Court of Appeal about whether caveats registered by the...

Vat audits- the whole story

EY's digitally interactive report on managing indirect tax disputes is definitely worth a read. http://www.ey.com/indirectcontroversy The report has a host of useful information about modern indirect tax audits, common errors and how smart businesses are managing...