cheap lenses australia

Budget 2011 – three perspectives

At 2pm today the Government lifted the press embargo on Budget 2011. As they did last year, Vicki Ammundsen and John Peterson have agreed to share their views on the Budget. We have also asked Stephen Tomlinson to join us. We have recorded the discussions, and you can listen to them here:

Vicki Ammundsen- Partner with Ayres Legal - Vicki gives her overall impression, and discusses the changes in the Budget as they relate to working for families.

John Peterson- Partner with Minter Ellison - John also gives his impressions, and then discusses in more detail the changes that relate to Kiwisaver.

Stephen Tomlinson – Principal of Tomlinson Law – Stephen gives his impression on the Budget, discussing various issues, such as IRD enforcement action, mixed use assets and Canterbury related issues.

Please note that none of the content of this post should be relied upon as legal or any other advice, but is comment of a general nature only.

For accounting and tax assistance click here: accountants in Christchurch.

2 Responses

Nabil Kirolous on May 20, 2011 at 7:16 am

We based in CHCH where no work and no market as we are developer, Residential houses market is nill, Please consider the situation

Jonas He on July 25, 2011 at 11:13 am

Hi Sybrand,

The new depreciation relief for Canterbury quake contains a ratio calculation. In the April 11 Fact Sheet, IRD gave an example (no.1). It shows that accu deprn=300K, replacement costs is 400K for Yr 1 & 2. So for Yr 1, rollover costs= 400K * 300K/1m=120K, Yr2 the same, the bal of 60K is brought to income. It didn’t give further explanation on why the 60K is brought to income. Do you have any idea?

Kind regards,

Jonas

Write a Comment

Take a moment to comment and tell us what you think. Some basic HTML is allowed for formatting.

Recent comments

  • Another Anne: My Dad is in care on full subsidy. I am EPOA. Are we able to gift some money to my brother in UK so...
  • Twagilayesu Isaya: I agree with the author of this article that Inland Revenue Department need to provide clear...
  • Quinn: Hi. I would like some clarification regarding the valuation of the investments component of the owners basis...
  • QROPS Pensions: Interesting piece of writing, you always write the most useful content & TalkTax is no exception...
  • Davo: Jo, quite likely is that the transition to an LTC was not done in time and the company became a normal company...
  • Daniel Hunt: Hi Jo, We would need to see the Owners Basis calculation as this forms the basis for allocating the...
  • Jo: Hey there My husband and I have a retail trading company. It was an LAQC and losses have been attributed to both...
  • Daniel Hunt: Hi everyone, Due to popular demand, we have developed a new online Look Through Company course. Please...
  • Daniel Hunt: Dita on May 29, 2012 at 11:50 am Hello Daniel, I am confused by the owners basis calculation, when it...
  • Daniel Hunt: Hi everyone, Responses as below: Viny on April 3, 2012 at 10:39 am – There are a number of other...

Upcoming Events

  • No events.

Poll

In the past 12 months, do you think the amount of IRD investigations being undertaken has?

View Results

Loading ... Loading ...