Guide2.co.nz - Tax Questions Feed

Which PIR Tax Rate Should We Use For Joint Investments?

Sun, 11 Jul 2010 19:10:34 +1200

We have joint investments - my wife works (for which I am eternally grateful), and I don't (well, not for much money in any case). Her PIR rate is 21 per cent and mine is 12.5 per cent. So far, so good.

If I Overestimate My PIR Rate Can The IRD Keep The Overpayment?

Sat, 08 May 2010 19:57:06 +1200

I read in the Herald recently that if I underestimate my PIR tax rate for my KiwiSaver account then I will have to pay more tax, but if I overestimate the rate then it's tough luck and the IRD keeps the overpayment.

Tax Minimisation: What Are My Accountant's Obligations?

Mon, 09 Nov 2009 15:51:14 +1300

I understood that tax minimisation was one of an accountant's obligations to his client.

Do I Need To Pay Tax On The Capital Gain From An Investment Property?

Fri, 06 Nov 2009 13:56:37 +1300

I am a tax agent and I have offered advice to clients on the attitude of the IRD to capital gains made by individuals on the sale of rental properties. There are no clear guidelines, so I advise that should they sell, they must satisfy the IRD that they sold for reasons other than capital gain.

At What Point Does A Stock Trader Need To Pay Tax On Profits?

Sat, 03 Oct 2009 12:23:36 +1300

I have recently begun participating in the NZ stock exchange as an amateur. We are buying and selling. The aim is not to retain stock unless necessary.

Should I Include KiwiSaver Tax Statement Information In My IR3 Return?

Thu, 03 Sep 2009 17:21:08 +1200

I received my Tax Summary and IR3 tax form from the IRD and wondered about why they sent it to me, as I've never received one before. I then did a rough calculation according to the guide and I was due a refund (because I was made redundant and unemployed for a few months).

Tax on FX Investment

Fri, 09 Jan 2009 14:51:21 +1300

I'm trying to do online FX trading and really confuse with the tax. Is my gain from foreign currency trading counted as capital gain?

If I Own A House And Then Rent It Out, Can I Claim Expenses?

Wed, 03 Dec 2008 20:56:22 +1300

I have had conflicting information about this scenario.

How Can I Reduce My PAYE Tax?

Sat, 05 Jul 2008 14:24:33 +1200

I am an average Joe Bloggs on an average middle-class income. Quite frankly I'm tired mentally and physically of working long hours just to keep myself in a job (just above broke).

If I Lived In A House Before Renting It Out, Is My Mortgage Interest Tax Deductible?

Fri, 13 Jun 2008 13:44:55 +1200

Due to change in circumstances I've decided to rent my home. The house has a mortage and I've heard mixed messages on whether the interest on that loan will be tax deductible when I rent out the property.

What's your understanding?