Articles by John Rowe
At last some good news out of Inland Revenue.
Fringe Benefit Tax (FBT)
The FBT rate for low-interest loans will fall from 8.05% to 6.41% from 1 July 2009.
This has come about due to the continuing effort to try and align the rate with the variable first mortgage housing rate. Bluntly it was not fair to have the FBT rate above that being charged by the Banks.
Use of Money Interest (UOMI)
Use-of-money interest rates charged by the Inland Revenue on unpaid tax have been lowered from 9.73% to 8.91%. The interest rate paid on overpayments of tax paid reduce from 4.23% to 1.82%. Regretfully, there still remains a large gap between the two.
Please contact us if you would like help to understand how these changes affect you personally and your business - if applicable.
All the speakers are very professional for their topic. They are all very knowledgeable. - Anon - December 2017
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.Learn More