2010 media releases
Care urged over property GST claims
10 November 2010
People are being advised by Inland Revenue to carefully consider GST claims they make relating to property transactions to ensure they are legitimate.
"Most people do the right thing, but we're concerned about cases of contrived or fraudulent transactions," said Martin Scott, Group Manager Assurance.
"We're aware some people involved in property deals think of trying to make a claim when they've got no right to and the recent increase in GST may provide some further temptation," said Mr Scott.
"The simple message to them is to think again because we've got sophisticated tools for tracking transactions and will be on to them."
Mr Scott said Inland Revenue now has the capability to monitor all property transfers and capture accurate history and information about GST related claims.
"We've had an ongoing focus on property compliance and will be automatically monitoring properties that have been the subject of GST claims. If someone thinks their activity might be overlooked in the huge volume of property transactions they're sorely mistaken."
Mr Scott said as in the past, Inland Revenue will take strong action where it finds fraudulent behaviour and people can potentially face criminal charges.
"First and foremost our aim is to encourage everybody to know the rules and to comply so they won't be running into trouble."
To find out more about property and your tax obligations go to www.ird.govt.nz/property/
For further information:
Catherine Delore
(04) 890 1698
(029) 890 1698
catherine.delore@ird.govt.nz
Other media releases this year
- Greymouth taxpayers concerned about provisional tax and GST urged to contact Inland Revenue
- Inland Revenue announces changes to service delivery
- Revenue Alert on "cloud computing" and tax records
- Greymouth people and businesses encouraged to seek help
- More tax statistics available online
- Busy online trading prompts tax reminder
- Tax offender used new identity to obtain GST refunds
- Inland Revenue wins Government category in 2010 Open Source Awards
- Unclaimed millions list updated
- More than two years jail for Auckland accountant
- Student gets five months home detention for GST fraud
- Canterbury businesses reminded to ask for help
- Inland Revenue recognised twice in 2010 Māori Language Awards
- Builder gets community service for tax evasion
- Home detention for tax agent
- Repayment holiday ends for overseas borrowers
- Routine traffic check ends tax evasion
- Hoax email and phishing site warning
- Home detention for tax evasion
- Contractor jailed for tax evasion
- Inland Revenue wins 2010 NetGuide Award
- Renting out your home - tax obligations
- Hoax email warning
- Home detention for tax scammer
- Man jailed for tax credit fraud
- Getting Your Tax Right - Compliance Focus 2010-11
- Last chance to change tax policy
- Company director fined for tax evasion
- Inland Revenue sets sights on undeclared offshore income
- Hoax email warning issued
- Company director jailed for tax evasion
- Revenue Alert on diverting personal income released
- Tax online gets even easier
- Plasterer sentenced for tax offences
- Takeaway owner gets home detention for tax evasion
- Tax return date getting close
- GST fraud brings home detention
- Advice over GST rate change
- GST fraudster jailed
- Property developer jailed for tax evasion
- Warning over hoax email
- Orewa College student wins Inland Revenue award
- Donations tax cheat receives home detention
- Tax information at your fingertips
- Sentence a warning for food industry
- Options available for end-of-year tax payments
Corporate Affairs
Inland Revenue
To make a media query:
Phone 04 890 1698 or email mediaqueries@ird.govt.nz
Please note, the email address is only for enquiries from the news media. It is monitored during normal business hours 8am - 5pm Monday to Friday.
P O Box 2198
Wellington 6140
New Zealand
Date published: 10 Nov 2010
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