numbers of LAQC's and LTC's with tax losses related to residential properties owned by them

s devoy made this Official Information request to Inland Revenue Department

The request was successful.

From: s devoy

Dear Inland Revenue Department,
This is a follow-up to your response to my recent request concerning tax losses related to rental properties owned by LAQCs and LTCs.

In the second note below Appendix 1 of the response to my request concerning tax losses related to residential properties owned by LAQCs and LTCs, it is stated that "Only the net value of gains and losses are provided and not the tax effects. The tax effects can be calculated by using a generic average tax rate of 29% for flow through amounts."

Please define what is meant by the terms "tax effects" and "flow through amounts".
What were those "tax effects" in dollar amounts annually for the years 2003 through 2017.

Yours faithfully,

s devoy

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From: oia
Inland Revenue Department

[IN CONFIDENCE RELEASE EXTERNAL]

Good afternoon,

Thank you for your request made under the Official Information Act 1982. We will respond to your request within 20 working days from the date of receipt.

Kind regards,

Government & Executive Services

-----Original Message-----
From: s devoy <[FOI #10329 email]>
Sent: Friday, 17 May 2019 3:39 PM
To: oia <[IRD request email]>
Subject: Official Information request - numbers of LAQC's and LTC's with tax losses related to residential properties owned by them

Dear Inland Revenue Department,
This is a follow-up to your response to my recent request concerning tax losses related to rental properties owned by LAQCs and LTCs.

In the second note below Appendix 1 of the response to my request concerning tax losses related to residential properties owned by LAQCs and LTCs, it is stated that "Only the net value of gains and losses are provided and not the tax effects. The tax effects can be calculated by using a generic average tax rate of 29% for flow through amounts."

Please define what is meant by the terms "tax effects" and "flow through amounts".
What were those "tax effects" in dollar amounts annually for the years 2003 through 2017.

Yours faithfully,

s devoy

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From: oia
Inland Revenue Department


Attachment OIA response Devoy.pdf
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[UNCLASSIFIED]

Good morning

 

Please find attached the response to your Official Information Act request
on behalf of Sandra Watson, Manager Forecasting, Revenue Forecasting.

 

Regards

Governement and Executive Services

 

This email and any attachment may contain confidential information. If you
have received this email or any attachment in error, please delete the
email / attachment, and notify the sender. Please do not copy, disclose or
use the email, any attachment, or any information contained in them.
Consider the environment before deciding to print: avoid printing if you
can, or consider printing double-sided. Visit us online at ird.govt.nz

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From: s devoy

Dear oia,
received detailed response

Yours sincerely,

s devoy

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