Taxation of PIE income

[herbert240]

Herbert, I think your Fisher contact was trying to be helpful in an area where he didn't have sufficient expertise to comment.

My understanding is, that the fees are deducted from the gross income before the PIR tax is deducted. That is, tax is calculated on the net income.

Thanks Bev (and 777) I guess I have to acknowledge IRD ruling and brace myself if they decide to check previous tax returns and strike out the expenses I have "incorrectly" claimed but which they had previously allowed
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