Lighthouse Financial Tax Return Checklist

Admin

Please select client types applicable*

Individuals
Company
Trust

Prepared By*

Reviewer*

Deal ID Field*

Please include the Deal ID from Pipedrive. The Deal ID is the four-digit number found at the end of the URL in the client's Pipedrive Deal. An example of where to find the Deal ID is below.

General Information

First Name*

If this is a trust or company, please include the clients name here.

Last Name

First Name

Partner Last Name

Main Contact Email Address*

Preparation Start Date

Sent for Review Date

Was there a delay and if yes, why?

Yes
No

Reason for delay

Review Last Year Returns

Yes
No

Last Year Returns Client Activities

All Clients

I have checked we are linked for all tax types?*

Yes
No

Are there losses carried forward?*

Yes
No

Is the client GST registered?*

Yes
No

Have all Provisional Tax payments been made on time?*

Yes
No
Not Applicable

Have UOMI and IRD penalties been accounted for?*

Yes
No
Not Applicable

Have there been any property purchases?*

Yes
No

Have there been any property sales?*

Yes
No

Have I checked for brightline?*

Yes
No
Not Applicable

Are they registered for RWT/NRWT?*

Yes
No

Are there any outstanding returns?*

Yes
No

Have I linked the clients for all tax types?*

Yes
No

Is the RIT over the $60,000 safe harbour threshold?*

Yes
No

Are there any related party loans subject to RWT?*

Yes
No
Not Applicable

Anything of interest to note*

Individuals

Is the client registered for WFF?

Yes
No

Client registered

Does the client have a Student Loan?

Yes
No

Does the client have any Donations?

Yes
No

Did the client move to or move from New Zealand during the tax year?

Yes
No

If yes, where?

Is the client eligible for IETC?

Yes
No

Name of customer eligible?

Companies

Have you checked the Imputation Credit Account?

Yes
No

Have there been any Shareholder Changes?

Yes
No

Have there been any Director Changes?

Yes
No

Is the Company Elected to be an LTC?

Yes
No

Is the Shareholder Current Account overdrawn?

Yes
No

Trusts

Have you checked the Trust Deed?

Yes
No

Have there been any Trustee Changes?

Yes
No

Have there been any Beneficiary Changes?

Yes
No

Have any taxable or non-taxable distributions been made? If so, complete the IR 6B.

Yes
No

Have you prepared the Deed of Variation of Trust Deed for S.31 of Trust Act 2019?

Yes
No

Have you completed the IR 6S & IR 6B (Settlor & Beneficiary details from the “+ Add Section”) to the IR6?

Yes
No

Interest Deductibility Appendix

How many properties is the below applicable for?

Property One

Property Address

Signed S&P for purchase Date/On hand

Yes
No

Date

Purchase Settlement Date/On Hand

Yes
No

Date

Code of Compliance Certificate

Yes
No

Date

Is it disallowed residential property?

Yes - its land in NZ
No

No - it's XX

If Yes, is it

A New Build (CCC issued 27/3/20)
Land acquired for development
Being used for social development for social housing or rented to a social housing development
Does the owner live in the property

If any of these are selected, full interest deductibility is retained. If none of these apply, continue.

Loans Held Balance at 26/03/2021

Did this increase during tax year?

Yes
No

If yes, by how much?

Was the property acquired before or after 27/3/2021

Before
After

Property/Loan Acquired After 27/3/2021: No interest deductibility

Interest Deductibility Rules That Apply

1/04/21 – 30/9/21 100% deductible
1/10/21 – 31/3/22 75% deductible
1/04/22 – 31/3/23 75% deductible
1/04/23 – 31/3/24 50% deductible
1/04/24 – 31/3/25 80% deductible
1/04/25 onwards 100% deductibility.
Not Applicable

Property Two

Property Address

Signed S&P for purchase Date/On hand

Yes
No

Date

Purchase Settlement Date/On Hand

Yes
No

Date

Code of Compliance Certificate

Yes
No

Date

Is it disallowed residential property?

Yes - its land in NZ
No

No - it's XX

If Yes, is it

A New Build (CCC issued 27/3/20)
Land acquired for development
Being used for social development for social housing or rented to a social housing development
Does the owner live in the property

If any of these are selected, full interest deductibility is retained. If none of these apply, continue.

Loans Held Balance at 26/03/2021

Did this increase during tax year?

Yes
No

If yes, by how much?

Was the property acquired before or after 27/3/2021

Before
After

Property/Loan Acquired After 27/3/2021: No interest deductibility

Interest Deductibility Rules That Apply

1/04/21 – 30/9/21 100% deductible
1/10/21 – 31/3/22 75% deductible
1/04/22 – 31/3/23 75% deductible
1/04/23 – 31/3/24 50% deductible
1/04/24 – 31/3/25 80% deductible
1/04/25 onwards 100% deductibility.

Property Three

Property Address

Signed S&P for purchase Date/On hand

Yes
No

Date

Purchase Settlement Date/On Hand

Yes
No

Date

Code of Compliance Certificate

Yes
No

Date

Is it disallowed residential property?

Yes - its land in NZ
No

No - it's XX

If Yes, is it

A New Build (CCC issued 27/3/20)
Land acquired for development
Being used for social development for social housing or rented to a social housing development
Does the owner live in the property

If any of these are selected, full interest deductibility is retained. If none of these apply, continue.

Loans Held Balance at 26/03/2021

Did this increase during tax year?

Yes
No

If yes, by how much?

Was the property acquired before or after 27/3/2021

Before
After

Property/Loan Acquired After 27/3/2021: No interest deductibility

Interest Deductibility Rules That Apply

1/04/21 – 30/9/21 100% deductible
1/10/21 – 31/3/22 75% deductible
1/04/22 – 31/3/23 75% deductible
1/04/23 – 31/3/24 50% deductible
1/04/24 – 31/3/25 80% deductible
1/04/25 onwards 100% deductibility.

Property Four

Property Address

Signed S&P for purchase Date/On hand

Yes
No

Date

Purchase Settlement Date/On Hand

Yes
No

Date

Code of Compliance Certificate

Yes
No

Date

Is it disallowed residential property?

Yes - its land in NZ
No

No - it's XX

If Yes, is it

A New Build (CCC issued 27/3/20)
Land acquired for development
Being used for social development for social housing or rented to a social housing development
Does the owner live in the property

If any of these are selected, full interest deductibility is retained. If none of these apply, continue.

Loans Held Balance at 26/03/2021

Did this increase during tax year?

Yes
No

If yes, by how much?

Was the property acquired before or after 27/3/2021

Before
After

Property/Loan Acquired After 27/3/2021: No interest deductibility

Interest Deductibility Rules That Apply

1/04/21 – 30/9/21 100% deductible
1/10/21 – 31/3/22 75% deductible
1/04/22 – 31/3/23 75% deductible
1/04/23 – 31/3/24 50% deductible
1/04/24 – 31/3/25 80% deductible
1/04/25 onwards 100% deductibility.

Property Five

Property Address

Signed S&P for purchase Date/On hand

Yes
No

Date

Purchase Settlement Date/On Hand

Yes
No

Date

Code of Compliance Certificate

Yes
No

Date

Is it disallowed residential property?

Yes - its land in NZ
No

No - it's XX

If Yes, is it

A New Build (CCC issued 27/3/20)
Land acquired for development
Being used for social development for social housing or rented to a social housing development
Does the owner live in the property

If any of these are selected, full interest deductibility is retained. If none of these apply, continue.

Loans Held Balance at 26/03/2021

Did this increase during tax year?

Yes
No

If yes, by how much?

Was the property acquired before or after 27/3/2021

Before
After

Property/Loan Acquired After 27/3/2021: No interest deductibility

Interest Deductibility Rules That Apply

1/04/21 – 30/9/21 100% deductible
1/10/21 – 31/3/22 75% deductible
1/04/22 – 31/3/23 75% deductible
1/04/23 – 31/3/24 50% deductible
1/04/24 – 31/3/25 80% deductible
1/04/25 onwards 100% deductibility.

Hidden

Wealth Opportunity

Wealth require the following for a pre-qualified lead:

Household income: Minimum $200,000 total household income

Hidden

Wealth Pre-qualification - Total Household income*

Hidden

Refer To Wealth?

Yes
No

Hidden

Insurance and KiwiSaver

Hidden

Should the client be contacted for income protection?

If 'Yes' is selected, the client will be sent an automated email to speak to one of our in house insurance advisers. The No (Do Not Use) field has to remain in the form for historical data purposes. Please use any of the not-applicable options in its place.

Yes
No (Do Not Use)
Not Applicable - Client is over 60
Not Applicable - Client overseas
Not Applicable - We don't act for the individual
Not Applicable - Other

Hidden

What is the individuals primary source of income?

PAYE employee
PAYE employee (company shareholder)
Schedular income/sole trader
Company Shareholder salary
Not Applicable - We don’t act for the individual
Not Applicable - Other

Hidden

Client KiwiSaver Provider

An email will be sent to this customer if their KiwiSaver is not Milford, Kernel or Simplicity.

Hidden

Mortgages Opportunity

Mortgages require the following for a pre-qualified lead:

Household income: Minimum $140,000 total household income

Less than 80% LVR on their owner occupied home or less than 70% on any investment property

Hidden

Mortgage Prequalification - Total Household income

Hidden

Investment Property 1 Value

Hidden

Investment Property 1 Mortgage

Hidden

Investment Property 1 Net Position

Hidden

Investment Property 2 Value

Hidden

Investment Property 2 Mortgage

Hidden

Investment Property 2 Net Position

Hidden

Investment Property 3 Value

Hidden

Investment Property 3 Mortgage

Hidden

Investment Property 3 Net Position

Hidden

Investment Property 4 Value

Hidden

Investment Property 4 Mortgage

Hidden

Investment Property 4 Net Position

Hidden

Total Investment Property Value

Hidden

Total Investment Property Mortgage

Hidden

Total LVR %

Hidden

Total Potential Borrowing

It appears that this client has sufficient equity to consider purchasing another investment property. They should be referred to our Mortgage team to explore their available options. By selecting 'Yes' below, the referral will be made automatically.

Hidden

Refer To Mortgages?

Yes
No