Historical GST Input Claims – Refund Update

[Wandering Eyes]

Historical GST Input Claims – Refund Update

Following the announcement made on 25 July 2024, we are pleased to report that we have successfully refunded $1.46m to 3,800 owners for GST deducted from stakes paid between 2013 and 2018. We are now working to locate the remaining 2,000 owners who have not yet claimed their share, of the remaining $300,000. The majority of the unclaimed refunds are for less than $50.

Please note that the refund only affects owners who were not GST registered.

There is an option to donate your refund to the NZ Horse Ambulance Trust. If you wish to donate your refund please email us with an explicit approval to donate, as we cannot proceed without your consent.

Since the refund relates to historical stakes payments, some recipients may have passed away, or partnerships or relationships may have dissolved. In cases where a recipient has passed away, we will require a copy of the will, and an agreement from all the beneficiaries or trustees to arrange payment. The funds must be paid to the ultimate beneficiaries.

Joint owners are paid individually, which means that in many cases one partner or spouse may have already been refunded, but not all since we don’t have a separate bank account on file. We encourage all joint owners, trustees or beneficiaries of Estates, or children of elderly parents to get in touch to verify whether a refund is due.

We also require all bank account details in writing and a proof of identity may be requested.

To date, we have contacted recipients via bulk emails where we have a current email address, and we will soon start calling recipients where the refunds are $500 or more to obtain bank account details to process the balance. We plan to close the refund process by 30 November 2024, so please contact us if you think you may be due a refund.

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