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NZ tax law Which of the following is a taxable activity? Only one is correct (a)       Renting out...

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Accounting

NZ tax law

Which of the following is a taxable activity?Only one is correct

(a)       Renting out a smallcommercial building in Napier for $52,000 per annum.

(b)       Renting out a residentialhouse in Ponsonby, Auckland for $62,400 per annum.

(c)        Lending $500,000 on amortgage on a house for $27,000 interest per annum.

(d)       Selling a house whichyou have inherited from your mother’s estate for $800,000

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3.7 Ratings (295 Votes)
The correct answer which involve taxable activity is C Lending 500000 on a mortgage on a house for 27000 interest per anum Explanation and its taxibility as per taxation rules Cases Taxability Reasons a Renting out a small commercial building in    See Answer
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Transcribed Image Text

NZ tax lawWhich of the following is a taxable activity?Only one is correct(a)       Renting out a smallcommercial building in Napier for $52,000 per annum.(b)       Renting out a residentialhouse in Ponsonby, Auckland for $62,400 per annum.(c)        Lending $500,000 on amortgage on a house for $27,000 interest per annum.(d)       Selling a house whichyou have inherited from your mother’s estate for $800,000

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