[fsn_row][fsn_column width="12"][fsn_text] Inland Revenue has started publishing Technical Decision Summaries (TDS’) from mid-2021. A TDS is an abridgment of either an adjudication or private ruling decision made by Inland Revenue’s Tax Counsel Office (TCO). TDS’ will be published within three months of a technical decision being finalised. They are not binding and are for information [...]

[fsn_row][fsn_column width="12"][fsn_text] Residential property acquired after 27 March 2021 is subject to a 10-year bright-line period, or 5 years if the property qualifies as a ‘new build’. The extension to 10 years has increased the likelihood that a property transfer will be caught. In an attempt to alleviate the risk that related party transfers would [...]

[fsn_row][fsn_column width="12"][fsn_text] The introduction of the 39% tax rate for individuals who earn over $180,000 from 1 April 2021 has reignited Inland Revenue’s interest in the income attribution and market salary regimes. These rules currently prevent a person from having income earnt from individual efforts or “personal services” taxed through an associated entity at a [...]

[fsn_row row_width="container" row_style="light" background_repeat="repeat" background_position="left top" background_attachment="scroll" background_size="auto" background_image_xs="show"][fsn_column width="12"][fsn_text] An introduction to the metaverse No physical interaction, no leaving your home, talking to people over the internet - a COVID nightmare, or the future of our society? The metaverse is a topic that has gained a lot of traction recently, particularly with Facebook’s rebranding [...]