Property Accountants

Property coach Steve Goodey, who is a friend and colleague of GRA, is holding a post-election property investment event in Auckland on Sunday 5 November that you might be interested in.I will be giving a tax update, and you’ll hear lots of inspiring case studies.Plus you’ll gain insights from Steve and other guest speakers on how to create good ... Continue reading 

We were contacted by a client recently who had received notification from the Inland Revenue Department (IRD) about some investments they have in the UK. Slightly perturbed, our client asked us what this was all about, and how could the IRD in New Zealand have information on their UK investments?  The reason the IRD contacted our client is because ... Continue reading 

In this blog I share my current property investing strategy (as at August 2020), because there is a window of opportunity for investors that is likely to close soon. I outline the main points below. Finance At present, some banks are lending 80% on investment properties, which is good news for investors. At the same time, however, the banks are getting ... Continue reading 

Almost a year to the day since the Government announced rules to eliminate tax deductions on interest for property investors, the legislation has all but reached its final destination. In the last two weeks the Select Committee report on the first draft of the legislation has been released and amendments have been made to the first draft reflecting these ... Continue reading 

The tax rules relating to cryptocurrency have been long been an area of confusion due to the fact that the nature of cryptocurrencies means they don’t fit neatly into any current tax laws. Now, however, IRD have confirmed their view on a variety of issues in relation to this. The IRD use the term “cryptoassets” which covers more than just ... Continue reading 

The end of the financial year is approaching very fast and there are a number of things that business owners should attend to before then.  No, I am not referring to going to end of season sales or getting the last bits of your body tanned. I am referring to matters that you may not particularly relish dealing with, ... Continue reading 

It’s that time of year when businesses look to reward their staff and clients by hosting Christmas parties, giving gifts, and paying bonuses.Some of these costs may be fully deductible, some may be 50% tax deductible, and others subject to Fringe Benefit Tax (FBT) or PAYE deductions. To help your business stay on the right side of the Christmas ... Continue reading 

As property tax and structuring specialists, one of the most common questions we encounter at GRA is whether to set up a look-through company (LTC) to hold investment property. The answer, more often than not, has shifted over the years to no. LTCs, once considered a go-to option for property investors, have seen their appeal diminish significantly in recent years. ... Continue reading 

A new bill is making its way through Parliament which is going to see changes made to the current Trustee Act. All those with an existing trust should be aware of the implications imposed and the opportunities this new bill will bring when it becomes law. Further details will be presented at our Trust Seminar on 11 October 2017. ... Continue reading 

As investors become increasingly aware of how much the lending landscape has changed from that of a few years ago, a question I am receiving a lot is, “When will we see the banks relax mortgage lending criteria again?” Whilst we saw the slight relaxing of LVR restrictions at the start of the year, over roughly the same period ... Continue reading 

Last month I received some great questions in my 'Ask Mark' series on Property Ventures’ Facebook page (propertyventuresnz).  One of them was a very important "back to basics" question: What factors do you take into account to consider a property to be good for investment? It is a great question, and even though I have already briefly answered it ... Continue reading