Property Accountants

Webinar 5 in the Market Update series is an Election Special with David Seymour. Due to a mix-up in schedules, we have moved the GRA-Seymour night to Wednesday the 20th of September at 5.30pm. Apologies to all for the change of plans. 5.30pm is a bit earlier than usual, so please mark it out in your diary. The webinar will ... Continue reading 

It’s that time of year where many businesses are finding things tight financially. Consequently, they can struggle to meet their tax obligations with IRD. If you find yourself in this situation you must be proactive.  Simply, if you get to the point where IRD start chasing you, your options become more limited and you can end up paying more ... Continue reading 

As many investors will already know, banks have been steadily tightening their lending criteria, making it more challenging to borrow. And soon, when the new capital requirement rules for banks come into effect next year, this is only going to get harder.  Capital requirements for the major banks will be increased from 10% to 18% over the next seven ... 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 

Ever have a property settlement about to go through and at the last minute your professional trustee has held up the game by asking pesky questions like “Why are you buying this?” or “Is this the right entity to be buying it in?”  What about those times when you’re arranging a simple re-finance and just when everything seems to ... Continue reading 

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 ... 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 

If you are migrating to New Zealand, one item you should add to the top of your ‘to do’ list is understanding the potential tax implications your migration may cause, not only in New Zealand but also in the country you are emigrating from. Your tax obligations will be different depending on whether or not you are deemed to be ... Continue reading 

When it comes to building wealth, do you put your hard-earned coins into property, shares, bonds or something else that is going to grow your wealth?  The decision we make, whilst ultimately a personal one, is influenced greatly by historic events that have affected our economy, current political policies in operation, legislation we have on our books, and naturally, ... Continue reading 

For a while it appeared that the introduction of the 60% LVR rule for investors would make the property market easier for first home buyers. However, as per this article in the Herald and these statistics from the Reserve Bank, first home buyers are finding it difficult as well.The 60% LVR rules have certainly made it much harder for ... Continue reading 

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 ... Continue reading