The 2024 New Zealand Master Tax Guide is essential reading for accountants and lawyers advising on tax, providing succinct yet comprehensive coverage of a wide range of tax topics for the tax generalist who needs to be kept up to date.

The Guide covers all areas of New Zealand tax law and includes practical examples to help explain how concepts are applied in practice. 

 

KEY FEATURES

• Concise summaries of legislation, cases, Inland Revenue rulings and statements affecting the 2023/24 and future tax years.

• Practical examples are included to illustrate how common tax scenarios are applied in practice.

• Tax calendars set out when payments are due.

• Includes a free copy of the 2024 edition of New Zealand Tax Rates, Dates and Depreciation Rates to assist with working out tax thresholds, interest rates and deprecation rates. 

 

The 2024 New Zealand Master Tax Guide will ensure you are up to date with the latest changes in tax, including:

• increase of the trust tax rate to 39% 

• the most recent changes to taxation of disposals of land, including the changes made to the bright-line test and the extended roll-over relief available to some trusts

• the tax implications of family transactions under the bright-line test on disposals of residential land that is not the main family home for one of the sellers

• Inland Revenue’s statements on the GST on director fees in various scenarios

• the tax treatment of short-stay accommodation and the application of the interest deductibility rules to the different types of land used to provide short-stay accommodation

• the extension of the tax exemption for transport costs provided by employers.