Aaron asks the question:
Speaking of IRD assessments, I’d love to know your view as a former IRD officer how assessments are considered.
In particular, I was thinking about how the IRD have stated that they will be looking at property speculators and developers over the last few years, particularly those who have been in the South Island. I’m just wondered what constitutes a developer/speculator/trader versus someone who just made some money on a property deal. how is intent to sell calculated, and how can everyday people prove that they are not developers and are just selling at an opportune time?