Property Accountant

As part of the Government’s property policy announcements today (23 March 2021), there are two significant changes to tax rules that will impact residential property investors. If you don't support the changes, there is a petition that you can sign (link here and at the end of this blog). I ran a webinar discussing these changes on 25 March. You ... Continue reading 

We were recently involved with assisting a new client to resolve a dispute between shareholders. This was a prime example of a business succession planning scenario going wrong.  On the face of it, the client had everything you should have, such as a constitution and a shareholders’ agreement, but the relationship got such that it was completely dysfunctional and ... Continue reading 

With a cooler Auckland property market, what should buyers and sellers be doing to maximise their chances of success? Sellers obviously want to get the highest price possible, while buyers (especially investors who are focused on the numbers) want the opposite. Funnily enough, auctions can work well for both.  Sellers There are a lot of conditional buyers in the ... Continue reading 

If you own (or plan to own) residential rental property in Australia, there are changes to the tax deduction rules that will affect you, particularly if your cash flow is tight. These changes were announced in the May 2017 Australian Federal budget and were passed by Parliament on 15 November 2017.  They take effect from 1 July 2017 onwards ... Continue reading 

The IRD have introduced new regulations that allow the Commissioner to disclose information about a taxpayer’s tax debts to approved credit reporting agencies if certain preconditions are met. (These new regulations are found in section 85N of the Tax Administration Act.) One of these preconditions is that the amount of the taxpayer’s reportable unpaid tax must be greater than ... 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 

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 

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