Investors in $2.2m row with IRD
The IRD found the change of use when it undertook a "routine tax audit" on the clients of Queenstown accountants McCulloch & Partners.
http://www.nzherald.co.nz/index.cfm?...ectID=10009940

Surprisingly, this hasn't been reported in the local ODT.

While only reporting one (possibly speculative) view, would you agree that it appears to be suggesting the accountants may have got it wrong?