Property Accountants

On 27 July I presented a Market Update webinar, with over 360 attendees. During the webinar I ran a poll asking if the attendees think we will have a change of government in the upcoming electionNote, the question was not “Do you want a change of government?”. It was simply asking if the people on the webinar expected Labour ... Continue reading 

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 ... Continue reading 

2008 was a year all of us would like to forget.  It was the year when the global financial crisis (GFC) hit and many individuals, businesses and countries went bankrupt, redundancies happened in their droves, unemployment went up and government cutbacks were the norm.   Those of you who have been through other recessions will attest that this was ... 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 

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 ... 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 

Many changes are occurring in our financial and real estate landscape. LOAN TO VALUE RATIOS (LVRs) As per my last blog on the proposed LVR rules, the LVR applicable across the whole of New Zealand for investors of residential property has now been set at 60% by the RBNZ. As I've said in that blog, I doubt very much this ... 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