How to sell tax

Access the taxpayers account

If you are wanting to sell tax for a client, the first step is to access the account for the taxpayer you are wanting to purchase tax for. This can be done within the My taxpayers section as below, by clicking on the IRD number or Taxpayer name:

Create a quote

To sell tax, you can select Manage tax > Sell.

Choose your tax

From within the sell screen, choose the deposit/s that you want to sell, along with the sell date and amount to sell.

Note: sells are processed every Friday, so the sale date will be once a week.

Confirm the sell

The following screen will confirm the tax to be sold, interest returned and you can select your payment instructions. When ready, click submit request to confirm this to confirm the sell.

Note: an AML check is required for any refund over $1,000. If this is required, you will be prompted to provide details as per the screenshot below.

AML

More about the AML steps required can be found here.