IRD CRACKS DOWN: $228M in Undeclared Income! What This Means for NZ Property Investors

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In this episode, we're diving into the latest and most significant news for the New Zealand property market. The Inland Revenue Department (IRD) has just revealed that its tax investigations into property investors and developers are paying off—BIG TIME! 💰

We break down the shocking numbers from a recent Business Desk article, including a staggering $228 million in undeclared income discovered in just one financial year. This is a massive 46% increase from the previous year, all thanks to new government funding for tax compliance efforts.

What You'll Learn:

• The IRD’s New Strategy: We reveal where the IRD is focusing its efforts and getting the biggest returns.
• Who’s Being Targeted? Find out why developers, flippers, and those with GST issues are the main targets, with an average tax bill per case in the hundreds of thousands.
• Brightline & Rental Property Owners: We look at how the Brightline test is catching speculators and how undeclared income from rental properties, while smaller per case, still adds up to millions.
• Your Wake-Up Call: This isn't about tax evasion; it’s about getting your house in order. We share expert advice on why you need a proactive approach with a qualified property accountant.
• Essential Advice for Investors: Learn how to stress-test your portfolio, manage cash flow anxiety, and build a resilient property business that can weather any storm.
• Don't wait for the IRD to contact you. This is a zero-tolerance environment, and staying compliant is your best strategy.

Links & Resources:

Read the full Business Desk article here: https://businessdesk.co.nz/article/property/fourth-quarter-ird-tax-surge-finds-75m-more-from-property-investors-developers

👉 Join our FREE property investment events to learn more: www.propertyapprentice.co.nz

👉 Or book a chat with our team today! https://www.propertyapprentice.co.nz/free-strategy-call/


Got questions? Drop them in the comments below! 👇

#nzproperty #propertyinvesting #kiwiretirement #IRD #nzrealestate #propertytax #landlordtips #nzbusiness #brightline #GST

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*Nothing from this episode should be taken as individual financial advice.

*Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.