NZ tax law Which of the following is a taxable activity? Only one is correct (a) Renting out...

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NZ tax law
Which of the following is a taxable activity?Only one is correct
(a)       Renting out a smallcommercial building in Napier for $52,000 per annum.
(b)       Renting out a residentialhouse in Ponsonby, Auckland for $62,400 per annum.
(c)        Lending $500,000 on amortgage on a house for $27,000 interest per annum.
(d)       Selling a house whichyou have inherited from your mother’s estate for $800,000

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The correct answer which involve taxable activity is C Lending 500000 on a mortgage on a house for 27000 interest per anum Explanation and its taxibility as per taxation rules Cases Taxability Reasons a Renting out a small commercial building in See Answer

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NZ tax lawWhich of the following is a taxable activity?Only one is correct(a) Renting out a smallcommercial building in Napier for $52,000 per annum.(b) Renting out a residentialhouse in Ponsonby, Auckland for $62,400 per annum.(c) Lending $500,000 on amortgage on a house for $27,000 interest per annum.(d) Selling a house whichyou have inherited from your mother’s estate for $800,000