Case Studies - IRD Tax Disputes and Audit

Successfully managed multiple IRD Risk Reviews and Audits of a Significant Property Developer

Background

Greater than $5 million in GST arrears and 10 years income tax returns outstanding.

Solution

• Negotiated a time payment for the arrears linked to forward settlements of property sales.

• Managed preparation and filing of income tax returns including ensuring profits could be utilised against group losses.

Result

• Successfully managed and coordinated multi IRD risk reviews and audits.

• Protected funds introduced by owners by ensuring security and priority.

Successful result achieved from an IRD Risk Review of a Significant Property Investor

Result

• Managed IRD risk review of property sales with the IRD agreeing sales were non-taxable after providing technical and factual evidence.

SUCCESSFULLY negotiated a debt settlement with the IRD that had rejected previous offers. 

Background

• Asked to step in and take over from a CA who had unsuccessfully made 4 offers to the IRD for settlement.

Solution

• Negotiated with the IRD to have the first offer accepted with full disclosure of facts and information to support financial position.