New Zealand master tax guide : 2025 / CCH editors.

Wellington: CCH New Zealand Limited, 2025

2025 edition.

202962

Income tax -- New Zealand.

Income tax -- Law and legislation -- New Zealand.

Corporation tax -- New Zealand.

The Master Tax Guide, New Zealand's most popular tax guideBook, is a concise and coherent explanation of the legislation, cases and Inland Revenue rulings and policy affecting the 2024-25 and future tax years. New and proposed changes covered in this edition include: changing the personal income tax thresholds effective from 31 July 2024, and consequential changes to the FBT, RWT and ESCT thresholds and rates changing the upper income limit for the independent earner tax credit regime from $48,000 to $70,000 from 31 July 2024 increasing the trustee tax rate from 33% to 39% from 1 April 2024 returning the bright-line test to 2 years from 1 July 2024, and corresponding changes to the main home exemption and the rollover relief provisions for the bright-line test removing building depreciation for the 2024-25 and later income years restoring interest deductibility for residential rentals from 1 April 2024 partitioning of land among co-owners and introducing an exclusion for unintended land tainting on a partition of land changing the tax treatment of ACC and MSD lump sum backdated payments introducing new rules for the disposal of trading stock below market value introducing tax rollover relief in response to the 2023 North Island flooding events introducing a 12% offshore gambling duty changing the deregistration rules for deregistered charities extending RWT-exempt status to charitable entities introducing the FamilyBoost tax credit to subsidise early childhood education.

Previous edition: 2024.

Includes bibliographical references and index.

9781775475156

1 online resource (2008 pages) : digital