Site Archives Tax administration

Imputation credits & resident withholding tax – reminder

Posted by Daniel Hunt, on January 31, 2012

As year-end is approaching quickly, it is important to remember that the maximum imputation ratio for dividends is 28:72 for the 2012 income year (previously 30-70 up to end of the 2011 income year). The Resident Withholding Tax (RWT) rate on dividends remains at 33 cents in the dollar meaning dividends are still taxed at 33% in the hands of the recipient (i.e. shareholder). RWT must be paid by the company for the imputed dividend shortfall. Read more

The perfect gift after 125 years

Posted by Daniel Hunt, on September 14, 2011

An Inland Revenue report on the abolition of gift duty is set to cost professionals such as accountants and lawyers around $70 million in lost compliance fees. It is estimated that the government will save around $430,000 in administration fees but forego the $1 million a year in duty they were receiving from the scheme. Read more

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"Look through companies" "loss limitation rule" "LTC" Abolition Associated Persons Avoidance Beneficiary income Budget capital gains tax CGT Charities Company Tax Competitions complex constructive trust Council Rates Daniel Hunt Deductions Definitions disputes
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Recent comments

  • Byron: I thank you for your very informative post, It is one that I wished I found four months ago. However are you...
  • Jerry: I have a couple of quetsion on the following LTC with rental activity: Market value of rental proerty at...
  • Aaron: Hi Daniel, very interesting area this. im currently doing a masters and have been doing similar research. If...
  • Anne: Asuming that parent is on full govt subsidy and legal amount of money still left in accounts. What about money...
  • andy: With a LTC, say you make a loss of $100,000 in a calender year , how much of this loss can you claim back...
  • steve: In the 2012 IR7 Guide , IRD give a loss limitation example that turns a LTC loss into possitive assessable...
  • viny: spouse wants 50/50 shareholding. A friend said it is not as simple as just going into website and changing...
  • Mary: With the abolishment of gift duty/tax, doesn’t this leave it wide open for these scammers, who...
  • Simon G: Both of my parents are in residential care which is being paid for by their residential care loan. In the...
  • Carla Cross: I agree with you entirely. Transparency and certainty are crucial for a self-assessment tax system....

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