Taxing workload for Parker as land tax rules report looms

Wed, 16 Dec 2020

The Inland Revenue Department has been reviewing the tax rules on land as part of its 2019/20 policy programme and will file its report to the new minister in the new year. In its briefing to incoming revenue minister David Parker, the tax department said it’s been reviewing tax rules applying to land as part of its existing programme to ensure the settings are fair, balanced, and support productive investment while discouraging speculation, with a view to reporting back in the new year. That work was on top of changes to land s...

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