- Registered persons can claim input tax deductions on secondhand goods.
- Deductions may be limited if goods are acquired from an associated person.
- The fact sheet summarizes the associated person limitation on such deductions.
- It accompanies IS 25/22, which details the requirements for claiming these deductions.
Source: taxtechnical.ird.govt.nz
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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