Market Update – Tax
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Articles by Matthew Gilligan
The Tax Update Webinar with GRA’s head of tax, Anthony Lipscombe, was the third presentation in our Market Update Series and was held on 15 August.
Anthony and I looked at the tax changes introduced by the Labour Government, with a particular focus on the bright-line, loss ring-fencing and interest non-deduction rules, and their impact on property investors. We also discussed the new 39% trust tax rate, and related party transactions.
You can review the recording of this webinar below.
There are six webinars in the 2023 Market Update Series, and recordings of all of them will be uploaded onto our Tax and Property Videos page once they are ready.
You can book for any of the upcoming webinars here.
If you’d like help with the topics raised in this video, please contact us at GRA on +64 9 522 7955, [email protected] or via our online form.
Matthew Gilligan
Director
© Gilligan Rowe & Associates LP
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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.
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Testimonials
This letter is to express my appreciation for the assistance and encouragement of both Anthony Lipscombe and particularly John Heaslip over the last financial year. The period since activating my trading trust has been one of considerable stress, as well as personal development, as I embarked on this as a relative business neophyte with virtually no awareness of the contemporary requirements of running a business, particularly the financial records aspect. During much of this period I have therefore felt considerable out of my depth. However I have been lucky enough to have had the benefit of the advice and support of John Heaslip in rationalizing what was a fairly chaotic set of records of the first year property trading. I am able to say that John in particular, has been unstinting in his attention to my needs and has done so in a manner which has never alluded to my extremely rudimentary grasp of managing a business, or even of being unable to set out a spread sheet properly. The result of the above guidance is that now, although my trading trust would still not be able to operate without the advice of GRA, I do least feel a sense of satisfaction that I have got to my present point without major disaster and that my property trust does now have some kind of firmer basis for any future activities - Name withheld by request
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.
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