Bean Blog

IRD Targeting Real Estate Agents

IRD Targets Real Estate Agents

June 2, 2021

Concerns surrounding the potential claiming of personal expenses and not keeping logbooks or not keeping business records to support deductions, have been raised by the IRD.

Where IRD have identified customers that fall outside industry norms, they are sending letters to their tax agents asking them to review the tax returns and provide evidence to support the expenses claimed in the income tax returns.

If you find we are requesting more documentation to support your claims, rest assured that our aim is to ensure that your claims for expenses are valid and can withstand IRD scrutiny. If in doubt, reach out to us and discuss any concerns.

About Dawn Liew

Avatar photoDawn founded Giles & Liew Chartered Accountants in 1997 and is today both Director and Qualifying Principal leading our Accounting and Business Advisory team.

Dawn's expertise is in Business Structuring and Tax Planning, with a particular interest in helping to structure complex property transactions and in succession planning and asset protection.

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