Don’t forget tax pooling as IRD targets residential property
Don’t forget tax pooling as IRD targets residential property https://www.tmnz.co.nz/wp-content/uploads/2021/01/Residential-property-1200x630-1.jpg 1200 630 Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=gTax pooling can reduce the interest cost by up to 30 percent and eliminate late payment penalties if someone owes additional tax for failing to declare property transactions captured under the bright-line test. An approved provider of the service such as Tax Management NZ (TMNZ) can help with income tax that arises from residential property…