3 skills across 1 job. Each skill is authored by an accountant; the ones more colleagues stand behind rise to the top.
New Zealand capital gains: no general capital gains tax, but the bright-line test on residential property (2 years for sales on or after 1 July 2024), the intention rule and dealer rules for land, share investor vs trader, and the 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", "extension of time", "estimation method", "AIM", "ratio option", "use of money interest", "UOMI", "terminal tax", "provisional tax instalment", or any question about provisional tax obligations in New Zealand. Covers the RIT entry threshold, the standard option uplifts and when the two-years-ago uplift applies, estimation, AIM and ratio option conditions, instalment dates by option and GST filing frequency, the new provisional taxpayer rules, choosing to be a provisional taxpayer, the early payment discount, UOMI rate changes, late payment and shortfall penalties, and the 2025-26 terminal tax dates. Read this skill before any NZ provisional tax work.
New Zealand individual income tax return (IR3) for the 2026-27 tax year (1 April 2026 to 31 March 2027), with the 2025-26 return being filed now: who must file, tax rates including the 31 July 2024 threshold change and 2024-25 composite rates, the independent earner tax credit and donation credits, self-employed income and expenses, home-office methods, rental income with interest deductibility, ring-fencing and the bright-line test, provisional tax (standard, estimation, AIM, ratio), terminal tax dates, use-of-money interest and late filing and payment penalties.