Articles by Matthew Gilligan
Thursday, November 22, 2012

We are scratching our heads at GRA, wondering if the world has gone completely mad. To say we are astonished at the opinions of one particular economist, Shamubeel Eaqub, whose comments were recently published in the New Zealand Herald, is putting it mildly.He said that New Zealanders are better to rent, rather than buy a property to live in. Is he insane?   ... Read Article

Thursday, November 22, 2012

Rent Versus Own & why the Economist got it Wrong

We are scratching our heads at GRA, wondering if the world has gone completely mad. To say we are astonished at the opinions of one particular economist, Shamubeel Eaqub, whose comments were recently published in the New Zealand Herald, is putting it mildly.He said that New Zealanders are better to rent, rather than buy a property to live in. Is he insane?   ... Read Article

Tuesday, October 30, 2012

For a long time now we at GRA have said that Auckland is the best place in New Zealand to invest in residential property and this has been confirmed with recent headlines about its current "property crisis". Prices have been rising and will continue to do so because with a rapidly growing population, Auckland's housing supply simply can't keep up with demand.  ... Read Article

Tuesday, October 30, 2012

Housing Scarcity in Auckland

For a long time now we at GRA have said that Auckland is the best place in New Zealand to invest in residential property and this has been confirmed with recent headlines about its current "property crisis". Prices have been rising and will continue to do so because with a rapidly growing population, Auckland's housing supply simply can't keep up with demand.  ... Read Article

Wednesday, September 26, 2012

Draft legislation reflecting the Government's desire to reduce tax benefits in respect of mixed use assets has now been released. Mixed use assets are assets that are used for both private and business purposes with holiday homes being perhaps the best example of this. The rules are proposed to apply from 1 April 2013.  ... Read Article

Wednesday, September 26, 2012

Holiday Home Tax Grab

Draft legislation reflecting the Government's desire to reduce tax benefits in respect of mixed use assets has now been released. Mixed use assets are assets that are used for both private and business purposes with holiday homes being perhaps the best example of this. The rules are proposed to apply from 1 April 2013.  ... Read Article

Tuesday, September 20, 2011

The IRD has recently released an issues paper in relation to the tax treatment of mixed-use assets.  Whilst the issues paper will apply to a range of assets including yachts, launches, aircraft for example, its application to holiday homes is likely most relevant to readers and clearly the main intended target of these proposed changes ... Read Article

Tuesday, September 20, 2011

New Tax Rules Proposed for Holiday Homes

The IRD has recently released an issues paper in relation to the tax treatment of mixed-use assets.  Whilst the issues paper will apply to a range of assets including yachts, launches, aircraft for example, its application to holiday homes is likely most relevant to readers and clearly the main intended target of these proposed changes ... Read Article

Friday, January 28, 2011

LAQC / LTC TAX CHANGES  ... Read Article

Wednesday, November 03, 2010

GIFT DUTY TO BE ABOLISHED
On Monday Revenue Minister Peter Dunn confirmed that the government intends to abolish gift duty.  Earlier this year the Minister had signalled that a review was being undertaken as to whether or not the gift duty regime should be repealed or amended.  Subsequently that review has occurred with the Inland Revenue producing a report assessing the impact of a repeal of gift duty across other governmental and legislative areas.  One of the prime concerns that was raised when the review was announced earlier in the year was whether or not repealing gift duty would have an adverse affect on creditor protection and rules in relation to qualification for social assistance. Contact Us at GRA.  ... Read Article

Wednesday, November 03, 2010

Gift Duty To Be Abolished

GIFT DUTY TO BE ABOLISHED
On Monday Revenue Minister Peter Dunn confirmed that the government intends to abolish gift duty.  Earlier this year the Minister had signalled that a review was being undertaken as to whether or not the gift duty regime should be repealed or amended.  Subsequently that review has occurred with the Inland Revenue producing a report assessing the impact of a repeal of gift duty across other governmental and legislative areas.  One of the prime concerns that was raised when the review was announced earlier in the year was whether or not repealing gift duty would have an adverse affect on creditor protection and rules in relation to qualification for social assistance. Contact Us at GRA.  ... Read Article

Wednesday, October 20, 2010

Since announcing in May that the LAQC regime was going to be the subject of an overhaul the property investment community has been anxiously awaiting the Government’s follow-up to the Issues Paper released at the time.  On Friday 15 October 2010 draft legislation was released.  As at the time of writing all practitioners, including myself, were poring over the draft to get to grips with the new regime.  The objective of this article is to provide an overview of the proposed rules.  Contact Us At GRA  ... Read Article

Wednesday, October 20, 2010

GOODBYE LAQC, HELLO LTC

Since announcing in May that the LAQC regime was going to be the subject of an overhaul the property investment community has been anxiously awaiting the Government’s follow-up to the Issues Paper released at the time.  On Friday 15 October 2010 draft legislation was released.  As at the time of writing all practitioners, including myself, were poring over the draft to get to grips with the new regime.  The objective of this article is to provide an overview of the proposed rules.  Contact Us At GRA  ... Read Article

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