TaxBlog

Tax rebel sends threatened gnomes into hiding

Stuff.co.nz reports A disabled London lady has sent her collection of garden gnomes into hiding to avoid them being seized by local officials.

The officials had threatened to take the gnomes from widow Gwynneth Lester in Fareham after she refused to pay up.

Lester, 57, refuses to pay the tax which finances local services because, she says, she gets nothing for it.

Her rebellion has landed her in court with a demand to pay up some 670 pounds – in cash or in kind – or face prison.

“Well, they won’t be taking the garden gnomes now because I have given them away,� she told Reuters on Monday.

“In fact they won’t be getting anything that I have collected over the years because I have given it all away to keep it from them.�

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Taxation of rental properties

Mary Holm has a piece on rental properties and tax on stuff.co.nz. The piece offers a simple analysis of how rental properties are taxed, and IRD’s national manager of technical standards, Graham Tubb is quoted as saying that the IRD consider that if a person is negatively geared, chances are higher they purchased the property for resale.

He goes on to say:

“If you are audited, Inland Revenue might look at statements you made to a bank manager or accountant when you bought, or any plans you might have made.”

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