Talk:Taxation in New Zealand

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Update on Tax Revenue Chart[edit]

Would be good to have. Currently only on the 2014 year.

Gift tax[edit]

Strange to me was learning of gift tax. You can't just give away your wealth, as you can in the UK. Nothing in the article. And I'm not the correct one to write about it. Paul Beardsell 00:20, 5 October 2006 (UTC)[reply]

210.55.245.26 01:13, 15 December 2006 (UTC) Not that strange. Income is taxed; that income can come from any source including jobs, investments or gifts. This avoids tax evasion where somebody gifts you money rather than pays it. There are exceptions to this rule of incoming being taxed - no capital gains tax in NZ, no death duties, no taxation on gambling winnings etc.[reply]

Also in New Zealand the "gift tax" (more properly "gift duty") is not actually intended to raise much revenue (and it doesn't) it is primarilly there to butress a number of social policy measures by preventing people artificially impoverishing themselves through gifts to make themselves entitled to welfare and other benefits. Gacole (talk) 01:24, 25 August 2008 (UTC)[reply]

Refundnow[edit]

I have reverted these changes at it appears intended to advertise a particular "service"; I think the reversion is warranted purely on the grounds that good english was replaced with bad however. Gacole (talk) 19:25, 14 October 2008 (UTC)[reply]

Urgently need sections on tax credits (formerly rebates)[edit]

A major part of the NZ personal income taxation system is tax credits, formerly referred to as rebates. See http://www.ird.govt.nz/income-tax-individual/tax-credits/

Can knowledgeable people please write this up. Thanks. -- Bricaniwi (talk) 06:10, 10 February 2010 (UTC)[reply]

Redirect[edit]

Could a User please add a redirect from "tax in new zealand" kia ora. —Preceding unsigned comment added by 203.211.81.20 (talk) 01:10, 27 May 2010 (UTC)[reply]

Portfolio Investment Entity Regime[edit]

Nothing in here appears to discuss the PIE regime. Given the significance of this regime, particularly in the managed funds market, would anyone object to this being added? There's also a lot of interaction with KiwiSaver. Roche-Kerr (talk) 04:02, 11 December 2010 (UTC)[reply]

No capital gains tax[edit]

Technically this is correct, there is no general tax on capital gains. However, on property transactions income tax does apply in certain circumstances, particularly speculation [1] --LJ Holden 22:24, 10 December 2014 (UTC) There is a new CGT coming later this year so I have started a new section on the page for this major change about time too I say.CHCBOY (talk) 15:48, 31 May 2015 (UTC)[reply]

The introduction of the 'bright line test' isn't a capital gains tax, but rather a clarification of the trading rules (defining what is considered a business in trading property, rather than holding it for capital purposes). There is no CGT, as such (even after the Tax Working Group's recommendation), but there are areas where considerations for capital and revenue can overlap, which is what the bright line test is meant to clarify. As a comparison, there is no bright line test on trading in shares or bonds, but if you're engaged in buying and selling said things as a business/trading activity, rather than holding them for investment, the trading is also taxable (which isn't a CGT, as the trading forms part of your ordinary income). Welcome some feedback, but the bright line test isn't a CGT Roche-Kerr (talk) 23:35, 18 May 2019 (UTC)[reply]