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On 1 April 2009 the Government introduced a new tax credit - the independent earner tax credit or IETC. The IETC will, from 1 April 2009, deliver $10 per week to individuals who earn between $24,000 and $44,000 and who do not receive a benefit,..

Every parent wants their children to have an equally good if not better life than what they've lived. To achieve that objective, parents tend to work hard to build up assets so they have something to leave their children when they die. This is done with..

On 10 June 2021, the Labour Government opened up a five-week consultation period on the new interest deductibility rules. They have released a Design of the interest limitation rule and additional bright-line rules discussion document which is lengthy and quite detailed, and reveals some interesting thinking,..

It seems to me everyone is talking about interest rates at the moment. I've been catching snatches of conversation on trains, planes and restaurants. The topic has featured heavily on TV and in newspapers. Dinner with friends at my home on Saturday night was no..

Almost a year to the day since the Government announced rules to eliminate tax deductions on interest for property investors, the legislation has all but reached its final destination. In the last two weeks the Select Committee report on the first draft of the legislation..

The next few months could see a shock to some Kiwi households’ budgets, as around 60% of existing mortgages are having their fixed rates expire within 12 months. Interest rate increasesThis time last year, a large number of borrowers were fixing on the 12-month rate because..

There is no doubt about it – Christmas is a magical time, filled with love and friendship and happy moments, especially those encompassing the opening of presents! It's also a time for reflection on the year past.  This year has brought many changes. Banking policies..

As the Trustee Services partner at Gilligan Rowe & Associates, I'm often asked by trustees what we think is going to happen in the economy, the property market and with interest rates. We answer questions like this all the time, as helping people make and..

With business sentiment softening and the property market coming off the boil in Auckland, I thought I would join the bandwagon and talk about the doom and gloom that is prevailing in property investment circles.  As a starting point, I would note the downturn is..