Fourth-quarter IRD tax surge finds $75m more from property investors, developers

Taking a tip from the Black Ferns celebrating a win over Ireland, IRD’s property sector crackdown finishes strong for the year. (Image: AFP/Glyn Kirk)

Garth Bray

Wed, 10 Sep 2025

The Black Ferns romped over Ireland in the final 20 minutes of their Women's Rugby World Cup pool play this week; the Inland Revenue Department’s crackdown on property showed no let-up either as the hooter sounded on its financial year.Figures from the Inland Revenue Department (IRD) released to BusinessDesk show its investigations uncovered another $75 million in income tax and GST from the property sector in the June quarter, to make a total of $228m for the year to June 30 of undeclared income tax.“This is a 46% increase on t...

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