TAX LAW SPECIALIST ADVICE FOR ACCOUNTANTS AND LAWYERS

Turner Legal are tax law specialists and provide independent tax advisory services for lawyers and chartered accountants. As your on-call independent tax law advisor, we answer specific queries and undertake assignments that dovetail with the legal and accounting advice provided by you. We will support you to create streamlined accounting and tax solutions for your clients.

We undertake not to solicit work from your clients, and will treat the instructing accountant or lawyer as our client. Examples of our tax advisory services include:

GENERAL TAX ADVICE

Want to get your client’s tax treatment correct, and need advice from a taxation specialist? Our tax lawyer provides advice on all income tax and GST issues for individuals, trustees and other entities. Turner Legal regularly advise on complex tax issues for companies, limited partnerships and look-through companies within New Zealand and internationally.

SALES AND PURCHASES OF BUSINESSES

Buying or selling a business may be your clients’ biggest financial step and astute tax advice is essential. Turner Legal have given tax advice on the sale and purchase of businesses (assets and shares) including the tax aspects of due diligence and will advise on the tax indemnity and warranty clauses for sale and purchase agreements.

RELATIONSHIP PROPERTY AGREEMENTS

Tax issues need to be considered where there are income producing properties, business assets, shares in companies or any other income producing asset that is dealt with under a Relationship Property agreement on separation, or as a tax planning method. In 2016 tax law changes in this area provide a lot more flexibility in accessing the income tax concessions, which is a potential advantage your clients will not want to miss.

PROPERTY TAX LAW

Property tax is essential to get right, particularly for high value transactions. Turner Legal will advise if there are alternatives to triggering a tax liability, and explain the best ways to handle property development or sale and purchase of land, creating a bespoke plan for effective tax structuring. Involving Turner Legal at an early stage can often mean avoiding costly mistakes.

TAX ISSUES WITH TRUSTS

With years of experience in advising on a myriad of trust tax issues we understand this complicated tax area thoroughly. We regularly advise on the tax aspect of trust resettlements, variations of trusts, distributions to beneficiaries, and advise on the tax implications of property relationship agreements involving trusts. We can review your clients’ existing trust deeds and structures to assess their tax effectiveness and provide recommendations for improvements.

INLAND REVENUE TAX DISPUTES

First responses are critical when Inland Revenue make enquiries. Our tax attorney can provide support in tax disputes with the IRD, including advising on and responding to IRD risk reviews and audits, and representation in the tax disputes procedures, including preparing the dispute documents.

CROSS-BORDER INTERNATIONAL TAX ADVICE

Clients won’t want to hear that they are up for double tax on their profits! Our tax lawyer knows the recognised methods for reducing and possibly eliminating double tax. We provide tax advice on the effectiveness of using subsidiaries, branches, trusts, unit trusts, limited partnerships and look-through companies as investment vehicles in and out of NZ. We work with foreign advisers to coordinate our tax advice, particularly for Trans-Tasman operations.

TAX AND TRUST LITIGATION SUPPORT

Practitioners can make mistakes which have tax implications, and Turner Legal work with lawyers and insurance companies on the quantification of loss from incorrect tax advice and trustee issues.