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Inland Revenue

Tax Policy

PUBLISHED 16 May 2013

Budget 2013 announcements

Budget 2013 contains proposals to change the tax treatment of specific forms of business “black hole” expenditure, cash out tax losses for research and development intensive start-up firms and review the effectiveness of the thin capitalisation rules.

An officials’ issues paper, Clarifying the acquisition date of land, was released seeking feedback on a proposal to clarify the date when land is acquired for sale or disposal. Submissions close on 28 June 2013.

Proposed changes to the Student Loan Scheme were also announced.

For more information see the Budget 2013 tax announcements.

Budget 2013 tax announcements

16 May 2013

Budget 2013 continues the Government’s focus on further strengthening the tax system and improving public services to help provide an environment that supports business.

Today’s announcements include proposals to:

Budget 2013 also contains proposed changes to the Student Loans Scheme:

  • Putting in place an information-sharing agreement between Inland Revenue and the Department of Internal Affairs to collect contact details from passport renewal applications.
  • Adjusting the overseas-based borrower repayment thresholds so that borrowers with higher loan balances have a higher repayment obligation.
  • Making it an offence for a borrower to knowingly default on an overseas-based borrower repayment obligation so that an arrest warrant can be requested to prevent the most non-compliant borrowers from leaving the country.

For details of the proposed changes to the Student Loan Scheme see

Also announced was continued funding for Inland Revenue to strengthen auditing of property transactions:

Full details of Budget 2013 announcements are available at