[Tia Maria]

Aaaaaaaaaaaggggggggggggggghhhhhhhhhhh! :wah

Cheers

Tia

[IanW99]

Aaaaaaaaaaaggggggggggggggghhhhhhhhhhh! :wah

Cheers

Tia

Would that be the IR3 tax form that has to be in by the 7th July? :exit

Ian

[Georgebulldog]

Is this something we should all be doing? Please say no

[james the mechanic]

"The hardest thing in the world to understand is the Income Tax." - Albert Einstein

[jubjub]

Lindsey, it might be a good think for you guys to get a personal tax summary...

As the year runs from April to April and tax is annualised, you may well have paid too much and be due a refund... (nice, eh!)

http://www.ird.govt.nz/online-services/keyword/income-tax-individual/online-pts-request.html

[nippa&pippa]

Left with accountant to deal with all paperworks :p but expensive! :wah
(why we have to use accountant??! something to do with business account and family trust account? but if poss, I will deal with next year's)

[james the mechanic]

The difference between the short tax form and long tax form is simple.
If you use the short form, the government gets your money.
If you use the long form, the accountant gets your money.

[Georgebulldog]

Lindsey, it might be a good think for you guys to get a personal tax summary...

As the year runs from April to April and tax is annualised, you may well have paid too much and be due a refund... (nice, eh!)

http://www.ird.govt.nz/online-services/keyword/income-tax-individual/online-pts-request.html

Thanks Sal, fingers crossed, we had the UK one so maybe we might just get lucky a 2nd time :cheers

[Tia Maria]

For those of you who were taken by surprise by the tax date for IR3, (for some reason it surprises me every year :confused:), I'd like to confirm it is very easy to get an extension.

We said we were waiting on documents from the UK and we have an extension till September - no problem. :nice1

Cheers

Tia

[mgbridges]

Errr... whats an IR3 and does anyone know a good accountant based in Auckland, pref. North Shore or near Queen St? We have some questions we need professional advice about.

Thanks,
Anneliese

[shakyle2906]

yeh, i had a tax form a few weeks ago .............

never had one before in my life!

Sharon
x

[IanW99]

Errr... whats an IR3 and does anyone know a good accountant based in Auckland, pref. North Shore or near Queen St? We have some questions we need professional advice about.

Thanks,
Anneliese

An IR3 is your income tax return

Do I need to file an IR3?
You need to file an IR3 if you earned income other than salary, wages, interest, dividends, and/or taxable Maori authority distributions. Other income includes:


rental income
self-employed or business income
overseas income
income from cash jobs or "under the table" payments
income from an illegal enterprise
royalties
more than $200 of schedular payments (formerly withholding payments)
estate, trust or partnership income
over $200 of overseas interest and dividends that did have tax deducted
overseas interest and dividends that didn't have tax deducted
income without PAYE deducted, such as shareholder-employee salary or a claim received under a taxable loss of earnings policy.
allocated income from a portfolio investment entity that was taxed at a zero rate.

You'll also need to file an IR3 if you:


have losses to claim or brought forward from the previous year
have excess imputation credits brought forward from the previous year
left or arrived in New Zealand part-way through the year
are filing a return for a deceased person to the date of death (if there is a requirement to file a return for the income year)
were declared bankrupt part-way through the year
changed your balance date part-way through the year
received allocated income from a portfolio investment entity that was taxed at a rate lower than your correct rate
choose to include dividends received from a portfolio investment entity listed on the New Zealand Stock exchange, in order to claim imputation credits.


Ian

[lnz]

Thanks Ian - brilliant information, again!
I have a couple of questions.....
1) Does "have excess imputation credits brought forward from the previous year
left or arrived in New Zealand part-way through the year" mean that all immigrants file an IR3 in their first year?
2) Does the IR send out the forms or is it your own responsibility to request them / pick them up?

lnz

[IanW99]

Thanks Ian - brilliant information, again!
I have a couple of questions.....
1) Does "have excess imputation credits brought forward from the previous year
left or arrived in New Zealand part-way through the year" mean that all immigrants file an IR3 in their first year?
2) Does the IR send out the forms or is it your own responsibility to request them / pick them up?

lnz

All immigrants should certainly fill in an IR3 for their first (and last) year as you are likely to have paid too much tax due to only working for part of a year.

AFAIK they are meant to send out a personal tax summary and then from this you decide if you need to fill in an IR3 and request one. Having said that, they never did this for us and we had to request one.

Ian

[Caroline and Dave]

Errr... whats an IR3 and does anyone know a good accountant based in Auckland, pref. North Shore or near Queen St? We have some questions we need professional advice about.

Thanks,
Anneliese

Will PM you

[Georgebulldog]

Lindsey, it might be a good think for you guys to get a personal tax summary...

As the year runs from April to April and tax is annualised, you may well have paid too much and be due a refund... (nice, eh!)

http://www.ird.govt.nz/online-services/keyword/income-tax-individual/online-pts-request.html

Thanks for this wouldn't have known/bothered but just got back almost $1500 if your ever in Wellington we owe you a drink :cheers

This forum is just great thanks all :clap