Tradie loyalty rewards are taxable: IRD

Tradie loyalty rewards are taxable: IRD
A tax expert says she's even heard of tradies being given jet skis as a reward. (Image: Supplied)
Maria Slade
Tradies receiving loyalty rewards like barbecues and fishing tackle from building products merchants must pay tax on them, the Inland Revenue Department has told the sector.Submissions close on Wednesday on an Inland Revenue Department (IRD) discussion document about the tax treatment of gift cards and trade rebates.Trade rebates in the form of products are income and therefore tax is payable on their realisable (secondhand) value, IRD said.ConfusionMany building products merchants offered tradespeople incentive schemes where once they earned a...

More Property

Council eyes single buyer for Maungawhau Station super-site
Policy

Council eyes single buyer for Maungawhau Station super-site

The redevelopment site will probably be the biggest in NZ, Wayne Brown said.

Oliver Lewis 26 Sep 2025
Film stars linked to multimillion-dollar deal to buy Auckland Film Studios
Property

Film stars linked to multimillion-dollar deal to buy Auckland Film Studios

Several major names are set to acquire the council-owned Auckland Film Studios, in what insiders believe will be a significant boost for the screen production industry, helping to lure even more major movies to New Zealand.An A-list Kiwi-Hollywood consortium headed by one of New...

Staff reporters 25 Sep 2025
New online carbon tool could slash NZ building emissions
Property

New online carbon tool could slash NZ building emissions

Building designers, developers and owners are demanding low-carbon building products.

Greg Hurrell 25 Sep 2025
'Still tough out there' despite Govt announcements
Infrastructure

'Still tough out there' despite Govt announcements

A rush of construction spending will take a while to have an effect, sector says.

Maria Slade 24 Sep 2025