If you have a spare bedroom or two at home, you may think about renting it out in order to generate some additional income.  As you might expect, there are potential tax implications if you do so. The tax implications differ depending on the arrangement you have with the occupant. Broadly speaking, there are three different types of occupants ... More 

If you are not a tax resident of New Zealand and have a New Zealand trust with New Zealand resident trustees, you may be subject to the IRD’s new foreign trust registration and disclosure rules.  These rules are in place as a result of concerns around the use of foreign trusts following the 'Panama Papers' publicity. The IRD have moved ... More 

The voidable preference regime is a complex area and is undoubtedly one of the most controversial aspects of the statutory powers provided to liquidators.   It must be remembered that insolvency law, particularly in relation to voidable charges or transactions, is constantly evolving as creditors and liquidators go head to head to maximise returns for their respective interests - ... More 

For most clients, 1 April signals the start of the New Year for business and tax purposes and the month of March brings opportunities to minimize tax and maximize cash surpluses for the coming year.   A well known quote “if you fail to plan, you are planning to fail!”, so with this in mind we give you some ... More 

As you may be aware, there is a new law that requires all tenanted homes to be insulated by 1 July 2019. Anyone who owns rental property must ensure their properties are insulated to the required standard by this date. At GRA we’ve been getting a lot of questions about whether the cost of insulating a rental property is ... More 

It is a requirement in New Zealand for parties to provide their IRD numbers when buying or selling real estate (whether as an individual or through another entity such as a company or trust). Normally this does not pose any sort of problem. However, there will be significant issues if you are selling a property that has been generating ... More 

Many New Zealanders still retain memories of Black Tuesday – the day the share market collapsed in 1987. The crash began in Hong Kong, spread to Europe, moved into the United States and then headed Australia and New Zealand's way.  By the end of Tuesday 20 October 1987 the stock market had shed a vast amount of value and ... More 

It’s been an interesting start to 2017 with a much tighter credit market than what we have seen for most of the last decade. While the majority of the media have been concentrating on the fact that the market seems to have slowed since the 40% deposit rule introduction, I put more down to banks themselves pulling back in ... More 

At Property Ventures we are increasing our focus on new builds as investments because we see tremendous advantages from a financing perspective. Not only do investors get pristine new and low maintenance properties in better areas, they get the benefit of 80% LVRs and tax advantages from higher chattel depreciation.   These smart tax and finance benefits make investing ... More