NZ Property Investor

ADDRESSING THE LARGE ELEPHANT IN THE ROOM

YOUR ACCOUNTANT

While there are specific tax provisions dealing with real property, land and buildings, there are also nonspecific provisions that can impact personal property. IRD's focus has been on enforcing property-specific provisions, but it's timely to consider provisions that can tax personal property transactions and how they sit alongside property taxing provisions.

The taxation of personal property, which includes things like shares, crypto, gold, and even art and classic cars,

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