Tweet
Hello all!
there is a new article titled "Tax on property speculation" which has been submitted by Jeff Owens.
Here is the first paragraph->
Recent articles:
There has been a series of articles in NZ newspapers in respect of Inland Revenue targeting property sales in Queenstown and Wanaka.
See for example:
The Chch Press article quotes IRD saying
Here is a link to the Article->
http://www.propertytalk.co.nz/module...ge&pid=105
Cheers
Marc
there is a new article titled "Tax on property speculation" which has been submitted by Jeff Owens.
Here is the first paragraph->
Recent articles:
There has been a series of articles in NZ newspapers in respect of Inland Revenue targeting property sales in Queenstown and Wanaka.
See for example:
- Chch Press 27 March 2004: Boom-town property tax probe
Southland Times 29 March 2004: IRD property probe `only matter of time'
NZ Herald 29 March 2003: Tax department to investigate property speculation
The Chch Press article quotes IRD saying
- “Inland Revenue will have audit teams in Queenstown and Wanaka for "as long as it takes" to investigate property speculators in the region”;
“property speculation was rife;
audit teams were not only looking at developers, real estate agents, and buyers, they were also investigating the "secondary layer, like the building industry
Here is a link to the Article->
http://www.propertytalk.co.nz/module...ge&pid=105
Cheers
Marc