Beware of phishing scam claiming to be Inland Revenue

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New Zealanders are warned about a spate of scam phone callers pretending to be from Inland Revenue and trying to recover unpaid taxes. A recipient recorded one of these scam calls. Listen to Flood of scam calls about unpaid taxes prompts warning from IRD. Last week Eleanor Young, Customer Services Group Manager, said that recipients […]

It’s income tax returns time again!

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Have you filed your tax return? Income tax returns for the year ending 31 March 2016 are due by 7 July. If a tax agent or accountant files on your behalf, in most cases you’ll automatically receive an extension. Filing tax returns can be a daunting and cumbersome, especially if it’s the first you’ve filed for […]

Rental Income

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rental iincome

If you receive a rental income from any property, you will need to file a tax return. The following expenses can be deducted from your rental income: rates and insurance interest paid on money borrowed to finance your property agents fees and commission repairs and maintenance (except if they substantially improve the property) motor vehicle […]