Property Accountants

Tax and legal professionals generally see what’s going on in the property and business landscape before it makes headlines. Our clients—property investors and businesspeople—provide us with front-row seats to what’s unfolding in the market. And I must say at time of writing in February 2024, it's not the best out there for many businesses and property sector people. Sales ... Continue reading 

Recently, I have been asked by several property investors about what is happening in the market and what I am doing.  I still believe property investing is one of the safest forms of investment to create passive income and intergenerational wealth, and I am still actively investing.Here’s what I’ve been up to:Buying PropertiesI’ve been submitting around 5-10 offers every ... 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 

Last week the Government introduced the Covid-19 Response (Taxation and Other Regulatory Urgent Measures) Bill. This bill contains a number of provisions, including the introduction of a loss carry-back scheme whereby a business can carry a loss back to a prior period to offset the prior period’s profits. Thus the business can get a refund of the tax paid ... 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 

At GRA we have seen an increasing number of clients come to us after being advised to wind up their trust, or after being discouraged from setting one up at all, having been told that trusts don’t really provide any significant advantages.The reasoning is often straightforward: trusts generally don't provide the tax advantages they once did, and the ongoing ... Continue reading 

A Guide to the Revenue Account Method (RAM)If you're a new migrant to New Zealand, a Kiwi returning home after a long time away, or someone who pays tax in two countries, you've likely encountered New Zealand's complex Foreign Investment Fund (FIF) rules. These rules are designed to tax New Zealand residents on their offshore equity / share investments ... Continue reading 

A labyrinth case, involving legal proceedings spanning a decade, has finally made its way through four courts. The ultimate judgement delivered by the Supreme Court is probably one of the most ground breaking decisions in respect of trusts and relationship property that this country has seen for many a year.   The decision will affect countless trusts in different ... Continue reading 

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 it more down to banks themselves pulling back ... 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