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  1. 14-07-2023, 11:33 AM #7
    Snoopy
    Snoopy is offline
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    Quote Originally Posted by Nor View Post
    You can avoid all this by being a cash basis person I believe, ie cash plus debts less than is it 1 million?
    ie not cash minus debts, using absolute values in math speak.
    Yes you 'can' avoid it, but that doesn't mean you 'should' avoid it. Spreading out income more evenly over several years will likely be to your advantage for tax purposes.

    More information on being a cash basis person here:
    https://www.ird.govt.nz/income-tax/i...ngements-rules

    SNOOPY
    Last edited by Snoopy; 14-07-2023 at 11:34 AM.
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