You’ve worked hard, you’ve paid your taxes, and you’ve done well. Thanks to all that hard work, you’ve managed to put together the ingredients for a comfortable retirement. So what is keeping you here? It can’t be the pleasure of living through another cold damp winter, surely.
In the Budget 2011 the Government announced its intended review of the tax treatment of assets used both for private and income earning purposes (mixed use assets). A consultative document was released by the Inland Revenue Department in August 2011 and submissions to this consultative document were due by the 30 September 2011.