Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Tax Working Group findings support private land conservation

Tax Working Group findings support private land conservation

QEII National Trust is pleased to see the Tax Working Group’s recommendations acknowledged the scope for the tax system to support, sustain and enhance land protected by QEII covenants.

QEII National Trust CEO, Mike Jebson says “our covenantors know the value of investing in protected private land and we are pleased to see the Tax Working Group include suggestions that costs incurred in looking after land protected by QEII covenant should be treated as deductible expenses for tax purposes in their interim conclusions.”

Mike Jebson says “we’re also pleased to see suggestions that any potential capital gain tax, land tax or wealth tax should exclude both public and private conservation land. Excluding protected land from these kinds of taxes recognises that the real value of protected private land lies in the biodiversity and open space protection, and not just in the profit to be realised upon sale of the land.”

“Our members will also appreciate seeing the call for greater assistance for conservation efforts like weed, and pest control. Our members are doing great work within and around their protected land and anything to encourage that work will be appreciated. Research by the University of Waikato Institute for Business found that on average the owners of QEII covenants (almost 4,500 of them around the country), spent approximately $64,000 to establish their covenant and are spending on average around $6,000 annually on covenant maintenance and enhancement.”

QEII CEO, Mike Jebson says “we are pleased to see support from organisations like Federated Farmers and ECO NZ on both issues. This support for the value of privately protected land is especially welcome at a time when our Auckland members are losing their rebate on rates for protected land.”

“We are hopeful that any changes in the New Zealand taxation system reflect the fact that private land conservation is a financial commitment from landowners who choose to covenant, and requires ongoing costs, thus tax deductions should be necessary. We will be seeking further input on the Tax Working Group to support the final report.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Covid Vaccine Inequality, Plus Cowboy Bebop


Plainly, the Big Pharma model – where vaccine development, distribution, and pricing is left in the hands of the private sector - is not fit for purpose when it comes to meeting the global challenge of Covid vaccine coverage. Last week, Amnesty International released a major report on how the global response to the pandemic is only accentuating the inequalities... More>>

Covid-19, 26/9: 1,165 Overall Cases, 5,000,000+ Vaccine Doses


18 new cases have been discovered in Auckland, currently at Level 3. 934 of the Auckland cases have recovered alongside all of the Wellington cases... More>>

ALSO:




 
 

Government: Next Steps To Improve Safety In Wake Of Whakaari White Island Tragedy
The Government is moving to improve safety in light of the Whakaari White Island tragedy and has released proposals to reinforce safety standards in registered adventure activities... More>>

Government: Expert Group Appointed To Lead New Zealand’s Future Health System
An outstanding group of people with extensive and wide-ranging governance and health experience have been appointed to lead the Māori Health Authority and Health New Zealand, Health Minister Andrew Little says... More>>

ALSO:

Green Party: Kiwis Overseas Must Be Allowed To Vote Next Year
New Zealanders stranded overseas should be allowed to vote in next year’s local government elections and the 2023 general election, the Green Party said today. “The reality of this pandemic is lots of people cannot renew their voting rights when they are home as they normally would... More>>


Power: Bill Changes Bring Fairness To Charges

A key recommendation of an independent panel to make electricity charges fairer across all households will be put in place, the Energy and Resources Minister Megan Woods has announced... More>>



Government: Parks expiry of licenses, WoFs and regos
As a result of the Delta outbreak, driver licences, Warrants of Fitness (WoFs), Certificates of Fitness (CoFs), vehicle licences (‘regos’) and licence endorsements that expired on or after 21 July 2021 will be valid until 30 November 2021, Transport Minister Michael Wood has announced today... More>>



Child Poverty Action Group: Highest jump in weekly benefit numbers since first lockdown

The current lockdown has triggered the largest weekly increase in benefit recipient numbers since the first lockdown last year, and Child Poverty Action Group is concerned the Government isn't doing enough to assist affected families... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels