3 Guides across 1 job. Each Guide is authored by an accountant; the ones more colleagues stand behind rise to the top.
New Zealand capital gains: no general CGT, but bright-line test on residential property (2-year rule), share investor vs trader distinction, FIF regime for foreign shares. Trigger on: "New Zealand CGT", "NZ capital gains", "bright-line test NZ", "sell property NZ", "NZ no capital gains tax", "foreign investment fund NZ", "FIF regime", "NZ share trading tax", "sell NZ property within 2 years".
Use this skill whenever asked about New Zealand provisional tax for individuals, companies, contractors, sole traders, and small businesses. Trigger on phrases like "provisional tax", "RIT", "residual income tax", "standard option", "standard uplift", "estimation method", "AIM", "ratio option", "use of money interest", "UOMI", "provisional tax instalment", or any question about provisional tax obligations in New Zealand. Covers the $5,000 RIT threshold, standard option 105%/110% uplift rules, estimation, AIM, ratio-option routing, March balance-date instalments, 6-monthly GST two-instalment cases, and current UOMI rate handling. ALWAYS read this skill before touching any NZ provisional tax work.
Use this skill whenever asked about New Zealand income tax for self-employed individuals filing an IR3 return. Trigger on phrases like "how much tax do I pay in NZ", "IR3", "income tax return New Zealand", "allowable deductions NZ", "provisional tax NZ", "schedular payments", "independent earner tax credit", "IETC", "ACC levies", "Working for Families", "residual income tax", "self-employed tax NZ", "schedular withholding NZ", or any question about filing or computing income tax for a self-employed individual in New Zealand. This skill covers NZ tax brackets (10.5%-39%), IR3 return structure, allowable deductions, ACC levies, provisional tax, IETC, penalties, and interaction with GST. ALWAYS read this skill before touching any NZ income tax work.