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The Auckland Council is in the process of drafting Auckland's Unitary Plan. So what is the Unitary Plan and why should we all be interested? The Unitary Plan is one of the key tools that will be used to formulate the Auckland Plan -..
Read ArticleAs we move closer to the implementation of the Auckland Unitary Plan, it appears Auckland Council may have to make adjustments to the proposed rules as a result of analysis and community feedback. One of the main issues Council will have to address is..
Read ArticleThe new LVR rules, combined with Auckland's lack of affordability, are pushing money out of Auckland and into the regions. This ripple effect is highly predictable, given that Auckland is cycling ahead of the rest of the country (followed closely by Canterbury), as evidenced by..
Read ArticleThe recent Australian Budget announcements include a significant rule change which will affect any New Zealanders whom hold property investments in Australia. Specifically, the 50% discount which was available when calculating capital gains tax on property that has been held for more than 12 months..
Read ArticleIf 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..
Read ArticleI wrote the following article for the August/September 2015 issue of REINZ Magazine, which was sent to all real estate agents within New Zealand. Our Professional Trustee is in demand! AVOIDING A TRAIN WRECK In the effort of getting a vendor to list a property..
Read ArticleBREAKING NEWS: Government introduces bright-line and interest deductibility changes
by Matthew Gilligan 22 Mar 21As 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..
Read ArticleYesterday (9 September 2020) Labour announced a new tax rate of 39% on personal income exceeding $180,000 per annum. Key points that we know so far:• Applies to individuals only, i.e. an individual on a salary of, say, $200,000 will pay an additional $1,200 per..
Read ArticleThere are imminent changes to the bright-line test which will affect you if you are planning to buy or restructure investment property. You are probably already familiar with the two-year bright-line test that was introduced in October 2015. Under this test, investment property that is..
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