IRD files to liquidate Allied Farmers’ rural unit over $4.2M tax bill

Mon, 27 May 2013

By Paul McBeth May 27 (BusinessDesk) - Allied Farmers, which kept itself alive in March through a fire sale of toxic loans, is back in the firing line after its rural unit was today served with a liquidation notice by the Inland Revenue Department over a $4.2 million tax bill. The Hawera-based company was today served with the notice, 26 days after it was filed with the High Court, it said in a statement. Allied Farmers’ rural subsidiary received a statutory demand from the tax department on Feb. 25 and has been in discussions with the IRD s...

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