2f3ded9f_l___Tax_Policy__Inland_Revenue__Area_affected
[Level of risk] Very low – there are very few cases in the memory of IRD staff where the debt asset created under gifting programmes has led to a greater level of debt recovery for IRD. [Agency] Inland Revenue New powers for IRD to claw back gifts or to register a charge over gifted assets in tax debt situations. [Recommendation] This would go well beyond the level of protection offered by gift duty. It is likely to be controversial as this would give IRD a superior ability to recover debt than private creditors. Debt collection concerns extend well beyond those related to gifting and IRD’s debt project is currently developing direct, front-end measures to address this. Any new measures to facilitate debt recovery would need to be considered as part of the wider work programme. [Area affected] 
IRD debt recovery
Gift duty repeal | Tax Policy, Inland Revenue
Area affected