From the 2019-20 income year onwards, you can now only claim deductions up to the total amount of income you earn from your residential rental property. You can no longer use excess deductions from your property to offset other income such as salary and wages.
Most...
COVID-19 Small Business Cashflow Loans
May 21, 2020
What is it?
The Small Business Cashflow (Loan) Scheme (SBCS) has been introduced to support businesses and organisations struggling because of loss of actual or predicted revenue as a result of COVID-19. They must have 50 or fewer full-time-equivalent employees.
Inland Revenue will admi...
TAGS
COVID-19 SupportCOVID-19IRD SupportRental PropertySBCS loanBright-lineBrightlineCharitiesCOVID-19 Resurgence Support PaymentCOVID-19 Traffic LightsCOVID-19 Wage Subsidy ExtenstionCOVID-19 Wage Subsidy March 2021ElectricityFinancial SupportInterest DeductibilityIR833IRD LoansLoss Carry Back SchemeRing-fencing rulesTax ChangesTraffic LightsVaccination CertificatesVax CertificatesWage Subsidy