Capital Gains Tax Property

The recent May Budget introduces a capital gains tax on residential property investment. If you purchase and sell a residential property within two years you will be taxed on any capital gain unless that property was used as your main home, the property was inherited...

Income Equalisation Deposit and Hail

If you are one of the many kiwifruit orchards in the Bay of Plenty affected by the November 2014 hail storms then you may only have until 31 January 2015 to take advantage of the tax savings obtained by using the Income Equalisation Scheme.   Inland Revenue recently...

Petrol Excise duty saves 66c a litre

If you use petrol powered vehicles or equipment on your farm or orchard make sure you claim back your petrol excise duty refund of $0.66 per litre. If you use just 20 claimable litres per week and are not already making the claim then you are doing yourself out of a...

Dairy Farmer saves tax using Income Equalisation

The average Dairy Farmer should be able to save $20,000 in tax over two years by utilising the Income Equalisation Deposit Scheme as a result of the Fonterra Farmgate Milk Price falling from $8.40 for the 2013/14 Season to a forecast of $5.30 for the 2014/15 Season. ...