One 14 March 2024, the government released draft legislation coming good on its promise to reduce the bright-line period to two years and repeal the interest limitation rules. The highlights are as follows:Bright-lineA two-year bright-line period will apply to all property where sale occurs on..
Read ArticleToday, New Zealand’s coalition government with National, Act and NZ First was finally announced. Some important decisions around tax and property investment have already been confirmed. Note that at time of writing we are still waiting on the detail around much of this, and we will..
Read ArticleLots of our clients are asking GRA what is on offer from the various parties for the 2023 election, so I thought it would be useful to recap the tax changes made by Labour in their past two terms, and then canvas the different offerings..
Read ArticleThe government have made changes to two areas of legislation that affect property investors: tax (interest deduction and bright-line), and the Resource Management Act. Tax ChangesIn October the government finally introduced legislation into parliament setting out the proposed interest deduction rules. Here is a summary..
Read ArticleThe Government’s release of draft legislation this week was disappointing on a number of fronts. First, what was expected to be complex legislation has been successfully made nearly indecipherable. Second, it is of course disappointing that they are pressing ahead with the rules being effective..
Read ArticleI have found "Life on Line" very enlightening. Once entering all the necessary information into "Life on Line" system, with very much user friendly consultants, I was able to see my position very clearly. Life on Line also has a number of other functions that I am sure I will find very helpful in the future. Look forward to keeping up to date with "Life on Line". Regards - Trevor Morris – Cambridge
Investing in residential property?
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