Selling tax FAQs

Can I sell tax losses?

No, you cannot sell tax losses through tax pooling.

Can I sell tax that my client has already paid to IR?

No, you can only sell tax that your client has deposited and that currently remains on deposit in a tax pool.

Can I sell tax that my client has already paid to another tax pool through Tax Traders?

Yes. Tax can be transferred between different tax pools within 24 hours. Once transferred to the Tax Traders pool, we can then sell that tax for you and earn a premium return for your client.

What do I need to do to sell tax for my client?

Submit a Sell Tax enquiry through your Tax Traders account and we will provide you with a quote for the tax your client wants to sell. The industry is governed by AML/CFT laws so for us to pay out funds, we would need your client to complete the relevant AML/CFT identification forms and requirements. We can provide these for your client.

What other options does my client have apart from a refund?

The client could use these funds to clear a liability at IR (another tax type or for another taxpayer)

If own funds, these funds can be sent at date of deposit to the taxpayer holding the funds (or associated taxpayer) for another tax type or tax period using the transfer tool. 

If purchased funds, we can look to sell these and send as cash to IR for various tax types or an associate taxpayer using the Pay to IRD payment instruction in the sell tool.

If the client wishes to take one of the above options, we will ask for evidence of liability at IR for where these funds are being sent in order to meet AML requirements.