Inland Revenue are running a session for landlords to provide an overview of tax responsibilities for rental property owners. You will be introduced to IRD's business tools and resources, myIR online services and cover topics such as the importance of record keeping, deductible and non-deductible expenses, repairs and maintenance, items that are depreciable and what happens when you sell or dispose of your property and chattels.
We can cover off what questions we typically receive, and provide a few examples of what is viewed as a repair and or maintenance versus a capital improvement.
Finger food will be provided at the beginning of each meeting and the bar will be open. The library will be available to borrow or return any books. Please remember to bring along your membership card.