In March 2021 the Government announced changes to the bright-line test and interest deductibility for residential properties. Following the release of a discussion document in June, there has still been significant uncertainty regarding the specific details of how the new rules will apply.

On 24 February, Inland Revenue released an Officials’ Issues Paper seeking feedback on various GST issues.
A long-standing rulethat has proved a source of frustration for those affected applies to transfers of goods between associated persons.

The recent High Court decision of Burke v Commissioner of Inland Revenue (2019) is a timely reminder that understanding the legal form of a transaction is important for applying the correct GST treatment.