Important updates regarding the IRD Brightline test.
IRD have started sending out letters to taxpayers who have sold land within two years of purchase, implying that unless the property was used as the taxpayers main home, any profit may be taxable and that the tax return should be filed by 07 July 2021. In some cases, IRD is sending letters to taxpayers who do not meet the Brightline tax criteria.
If you receive a letter from IRD – we suggest do not respond directly. Please contact our office immediately so we can review your position.
Create a strategic plan to protect against business uncertainty.
Cleaver Partners encourage all of our clients to develop their financial planning and contingency strategies to protect business health and mitigate against unexpected economic disruption and market uncertainties.
Position your business resilience by taking advantage of Cleaver Partners one-on-one strategic business analysis sessions.
Phone us today to book a complimentary introductory strategic consultation between now and March 2021. Gain insights into your business expansion options, asset protection, succession planning, acquisition and financial strategies for 2021.
Nāku noa, nā, Yours Sincerely,
Cleaver Partners
Call Cleaver Partners to arrange your next appointment: 09 376 2445
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