Index of Tax Working Group documents
|#||Date||Type||Title and description||Download|
|01||13 December 2018||Tax policy report (Inland Revenue)||
Taxpayer advocate recommendation from the TWG
This report briefs Ministers on the TWG’s recommendation in its interim report to establish an independent taxpayer advocate service to assist small-to-medium sized taxpayers in managing disputes with Inland Revenue.
PDF (145 KB; 7 pages)
|02||14 December 2018||Tax policy report (joint)||
Tax Working Group – officials' initial advice on potential tax reforms for Budget 2019
This report outlines officials’ initial high-level views on the key reform measures being considered by the TWG, ahead of the release of the final report.
Reference: IR2018/800, T2018/3429
|PDF (670 KB; 29 pages)|
|03||14 December 2018||Tax policy report (joint)||
Inclusion of asset groups in a capital gains tax
This report assesses several design options of potential capital gains tax changes: staggering the application of changes to different assets; excluding business assets; and excluding baches.
Reference: IR2018/803, T2018/3721
|PDF (573 KB; 6 pages)|
|04||11 January 2019||Tax policy report (joint)||
Extending the taxation of capital gains: response to Ministers’ requests on business impacts
This report responds to Ministerial requests for information on a tax-free threshold or exemption for small business owners from potential capital gains tax changes, and options to reduce valuation costs if a Valuation Day approach is undertaken.
Reference: IR2019/015, T2019/18
|PDF (297 KB; 13 pages)|
|05||17 January 2019||Tax policy report (joint)||
Tax Working Group recommendations: Family home and second homes
This report discusses what the definition of the exempt “family home” should be for taxing capital gains, its relationship to the current “bright line” main home definition, and whether second homes (baches) should be included in the taxable base for capital gains taxation or be exempt.
Reference: IR2019/014, T2019/035
|PDF (224 KB; 6 pages)|
|06||24 January 2019||Tax policy report (joint)||
Tax Working Group: Extending the Chair’s appointment
This report seeks Ministerial approval for extending the appointment of the Chair of the TWG and attaches a letter to extend the appointment of the Chair to 30 June 2019.
Reference: IR2019/032, T2019/120
|PDF (827 KB; 11 pages)|
|07||28 January 2019||Tax policy report (joint)||
Fiscal and distributional analysis [Redacted under s9(2)(f)(iv) of the OIA] KiwiSaver proposals
This report provides information on the distributional analysis of the TWG’s KiwiSaver proposals.
Reference: IR2019/013, T2019/1
|PDF (319 KB; 6 pages)|
|08||1 February 2019||Tax policy report (joint)||
Tax Working Group final report
This is a covering report for the delivery of the TWG’s final report to the Minister of Finance and the Minister of Revenue. It does not contain any advice.
Reference: IR2019/040, T2019/174
|PDF (229 KB; 6 pages)|
|09||1 February 2019||Tax policy report (joint)||
TWG final report - Draft Cabinet paper and draft briefing materials
Reference: IR2019/048, T2019/155
|PDF (2 MB; 2 pages)|
|10||1 February 2019||Tax policy report (joint)||
TWG final report – officials’ companion advice
This report summarises officials’ high-level views on the key recommendations of the TWG’s final report and sought Ministerial direction for how to support them to deliver a potential tax reform package. Delivery of this report accompanied the delivery of the TWG’s final report to the Government.
Reference: IR2019/041, T2019/113
|PDF (424 KB; 25 pages)|
|11||5 February 2019||Tax policy report (joint)||
Further information on TWG issues raised
This report responds to issues raised by the Minister of Revenue at a meeting with officials. Those issues are: the economic effects of capital gains taxes in other jurisdictions, whether capital gains should be taxed at a lower rate than other income, and how the system of taxing capital gains recommended by the TWG compares with capital gains taxes in other jurisdictions.
Reference: IR2019/031, T2019/175
|PDF (1 MB; 14 pages)|
|12||8 February 2019||Tax policy report (joint)||
Major design issues in the taxation of capital gains
This report seeks direction from Ministers on their initial views on key capital gains tax design decisions, including the tax rate, inflation adjustment, roll-over relief, capital losses, and the treatment of Māori collectively-owned assets.
Reference: IR2019/061, T2019/246
|PDF (546 KB; 13 pages)|
|13||11 February 2019||Tax policy report (joint)||
Further information on potential distributional impacts of extending the taxation of capital gains
This report provides additional information on potential distributional impacts of capital gains tax changes. The two attachments to the report are already publicly available at https://taxworkinggroup.govt.nz/sites/default/files/2018-09/twg-bg-3970237-distributional-analysis-and-incidence.pdf and https://taxworkinggroup.govt.nz/sites/default/files/2018-09/twg-bg-distributional-analysis.pdf.
Reference: IR2019/068, T2019/242
|PDF (554 KB; 27 pages)|
|14||14 February 2019||Tax policy report (joint)||
TWG final report – officials’ companion advice, table of recommendations
This report provides officials’ views on how the Government could respond to the recommendations made by the TWG.
Reference: IR2019/062, T2019/243
|PDF (447 KB; 14 pages)|
|15||18 February 2019||Tax policy report (joint)||
KiwiSaver and the taxation of retirement savings
This report advises Ministers on the Chamberlain and Littlewood submission on tax concessions for saving. The report also provides a brief explanation of the Australian retirement income system.
Reference: IR2019/081, T2019/297
|PDF (435 KB; 18 pages)|
|16||20 February 2019||Briefing note (joint)||
High-level comparisons of Australia and New Zealand tax system
This note compares the New Zealand and Australian tax systems in light of the TWG’s recommendations for extending the taxation of capital gains.
Briefing note: BN2019/095, T2019/422
|PDF (306 KB; 9 pages)|
|17||22 February 2019||Tax policy report (joint)||
Options for extension of tax on capital gains
This report provides advice on the option for taxing capital gains for all land and buildings (both residential and non-residential).
Reference: IR2019/085, T2019/403
|PDF (779 KB; 22 pages)|
|18||22 February 2019||Tax policy report (joint)||
Options for building a package of tax reform
This report provides fiscal context and costings to inform decisions on a possible reform package for Budget 2019.
Reference: IR2019/103, T2019/341
|PDF (531 KB; 26 pages)|
|19||28 February 2019||Aide memoire (Treasury)||
KiwiSaver distributional scenarios – taxing share gains and TWG recommendations
This aide memoire analyses the impact of the TWG’s proposals on the build-up of balances in KiwiSaver accounts for different income earners.
|PDF (207 KB; 4 pages)|
|20||4 March 2019||Tax policy report (joint)||
Further advice on potential asset coverage
This report advises Ministers on two potential asset exclusions from capital gains taxation: excluding capital gains from corporate assets from a comprehensive capital gains tax, and exempting a second home from a tax on the capital gains from residential property.
Reference: IR2019/111, T2019/563
|PDF (989 KB; 16 pages)|
|21||4 March 2019||Tax policy report (joint)||
Capital gains and labour income
This report advises Ministers on whether returns from entrepreneurship should be taxed at the same rate as other income.
Reference: IR2019/116, T2019/558
|PDF (165 KB; 5 pages)|
|22||4 March 2019||Treasury report||
Further information on fiscal impacts of potential tax reform options
This report provides information on the fiscal impacts of potential tax reform options.
|PDF (291 KB; 10 pages)|
|23||6 March 2019||Tax policy report (joint)||
Table – Tax Working Group recommendations
This report provides an updated version of a table from an earlier report (see document number 14 – IR2019/062, T2019/243).
Reference: IR2019/128, T2019/610
|PDF (420 KB; 11 pages)|
|24||6 March 2019||Tax policy report (joint)||
Options for extending taxation on capital gains
This note attaches an A3 providing a high-level summary of the main choices in extending the taxation of capital gains.
Reference: IR2019/132, T2019/618
|PDF (491 KB; 5 pages)|
|25||7 March 2019||Tax policy report (joint)||
Interactions between Tax Working Group and Welfare Expert Advisory Group
This report compares the findings of the TWG and WEAG reports.
Reference: IR2019/122, T2019/531, MSD REP/19/3/172
|PDF (400 KB; 11 pages)|
|26||7 March 2019||Tax policy report (joint)||
Summary table: Options for extending taxation on capital gains
This report provides a summary of the table already provided in an earlier report (see document number 24 – IR2019/132, T2019/618), which compares options for taxing capital gains (by asset classes) against various measures.
Reference: IR2019/134, T2019/634
|PDF (176 KB; 3 pages)|
|27||11 March 2019||Tax policy report (joint)||
Further advice on capital tax design issues
This report provides an analysis of benefits and costs to making exclusions and special rules within a capital gains tax regime.
Reference: IR2019/142, T2019/664
|PDF (528 KB; 24 pages)|
|28||15 March 2019||Tax policy report (joint)||
Small business and KiwiSaver exemptions
This report provides preliminary advice on the potential design of capital gains tax exemptions for small businesses (including farms) and KiwiSaver.
Reference: IR2019/154, T2019/760
|PDF (390 KB; 15 pages)|
|29||19 March 2019||Briefing note (joint)||
Timeline for decisions: Tax Working Group
This briefing note seeks a discussion with Ministers over the timing of a response to the TWG final report.
|PDF (144 KB; 3 pages)|
|30||10 April 2019||Briefing note (joint)||
Taxing residential property – main home plus one exclusion rule
This briefing note discusses officials’ preliminary views on the option of allowing a capital gains tax exclusion for the family home plus one other residential property.
Reference: BN2019/210, T2019/1071
|PDF (220 KB; 5 pages)|
|31||12 April 2019||Tax policy report (joint)||
Cabinet paper: Government response to the Tax Working Group – final version for lodgement
This is a cover report attaching the Cabinet paper for the Government’s response to the TWG, which was announced on 17 April 2019. The Cabinet paper itself is already publicly available at http://taxpolicy.ird.govt.nz/publications/2019-ir-cab-19-sub-0176/cabinet-paper.
Reference: IR2019/213, T2019/1076
|PDF (211 KB; 3 pages)|
|32||12 April 2019||Speaking notes||PDF (273 KB; 2 pages)|
|33||16 April 2019||TWG response||PDF (242 KB; 1 page)|