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Property flipper’s IRD debts rise a further $2.3m

IRD has wound up five companies connected to Rickhil Prakash in the past three years, which together owe the tax department $15m for unpaid GST.

Rickhil Prakash.

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The collective debts owed by Rickhil Prakash’s companies to Inland Revenue have climbed a further $2.3 million after the tax department wound up another two firms that are connected to the prolific property flipper.

IRD has appointed liquidators to five of Prakash’s companies in the past three

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Nicholas Pointon Fri, 27 Mar 2026
Contact the Writer: nicholas@nbr.co.nz
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Property flipper’s IRD debts rise a further $2.3m
General Business,
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