numbers of LAQC's and LTC's with tax losses related to residential properties owned by them
s devoy made this Official Information request to Inland Revenue Department
Response to this request is long overdue. By law Inland Revenue Department should have responded by now (details and exceptions). The requester can complain to the Ombudsman.
From: s devoy
Dear Inland Revenue Department,
Please advise of the numbers of LAQC's and LTC's registered per annum up to the present,
together with the $ value tax losses per annum relating to residential properties owned by them.
Please also advise the total number of residential properties owned by them per annum.
Yours faithfully,
s devoy
From: oia
Inland Revenue Department
[IN CONFIDENCE RELEASE EXTERNAL]
Good Afternoon S Devoy
Thank you for your request under the Official Information Act, received 4 April 2019. Could you please provide a date range for this request.
Kind Regards
Government & Executive Services
show quoted sections
From: s devoy
Dear oia,
The date range for my request is from January 2003 to December 2018
Yours sincerely,
s devoy
From: s devoy
Dear oia,
I have already provided this information last week.
the dates are from January 2003 to December 2018
See numbers of LAQC's and LTC's with tax losses related to residential properties owned by them --
s devoy sent a follow up message to Inland Revenue Department (April 04, 2019)
"The date range for my request is from January 2003 to December 2018 Yours sincerely, s devoy"
https://fyi.org.nz/request/10001-numbers...
-- numbers of LAQC's and LTC's with tax losses related to residential properties owned by them --
Inland Revenue Department sent a response to s devoy (April 04, 2019)
"[IN CONFIDENCE RELEASE EXTERNAL] Good Afternoon S Devoy Thank you for your request under the Official Information Act, received 4 April 2019. Could y..."
https://fyi.org.nz/request/10001-numbers...
Yours sincerely,
s devoy
From: oia
Inland Revenue Department
[IN CONFIDENCE RELEASE EXTERNAL]
Good Afternoon,
Please find attached a response to your Official Information request on behalf of Sandra Watson, Manager, Forecasting, Revenue Forecasting.
Kind Regards,
Government & Executive Services
show quoted sections
From: s devoy
Dear oia,
Thank you for the information provided. Can you advise whether the dollar values given in the three columns showing LTC rental income is as recorded year by year or inflation adjusted?
Yours sincerely,
s devoy
From: oia
Inland Revenue Department
[IN CONFIDENCE RELEASE EXTERNAL]
Good Morning
All the values provided from the tax returns are recorded as is and are not adjusted by Inland Revenue.
Kind Regards,
Government & Executive Services
show quoted sections
From: s devoy
Dear oia,
thank you for your prompt response to my follow-up query
Yours sincerely,
s devoy
From: s devoy
Dear oia,
In the second note below Appendix 1 of the response to my request concerning tax losses related to residential properties owned by LAQCs and LTCs, it is stated that "Only the net value of gains and losses are provided and not the tax effects. The tax effects can be calculated by using a generic average tax rate of 29% for flow through amounts."
Please define what is meant by the terms "tax effects" and "flow through amounts".
What were those "tax effects" in dollar amounts annually for the years 2003 through 2017.
Yours sincerely,
s devoy
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