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Just In Case You Don’t Live Forever, Here’s How to Avoid Common Estate Planning Issues
by The Professional Trustee Team 28 Apr 09Thinking about and planning for our death is understandably a subject that most people prefer not to think about. It comes as no surprise to us because we see it every day, that many people just simply do not plan for what happens to their..
Read ArticleMiddle class, sometimes low net worth people run our labour force, including the public sector for essential services. Police, fire fighters, teachers, nurses, even doctors, are struggling to get a home in supply-starved Auckland – so they move to the regions. Net result: our schools,..
Read ArticleKiwiSaver is a voluntary, work-based savings initiative to help New Zealanders with their long-term saving for retirement. It's designed to make it easy for people to get into the habit of saving regularly. Effective from 1 April 2009, changes were made to the KiwiSaver Scheme. ..
Read ArticleFrom the first pay period on or after 1 April 2013, the contribution rates for both employees and employers increased from 2% to 3% of gross salary. However, employees will still be able to select a higher employee contribution rate of 4% or 8%.All employer cash..
Read ArticleLabour has targeted investors in its fresh housing policy released in the last week. Ring-fencing tax losses, five-year bright-line rules and a tax committee (to mask their desire to bring in capital gains tax) are all on their agenda. Highlights • Ring-fenced tax losses derived..
Read ArticleWith the Labour Party winning the 2020 election, they now are expected to implement their proposed higher individual tax bracket of 39% for income over $180k. This is anticipated to come into effect in 2021/2022 income year. This imminent change makes it an opportune time to ensure..
Read ArticleLAQCs are no longer the right fit for property investors. Have you made the switch?
by Matthew Gilligan 26 Jan 11As you will now be well aware, the LAQC / LTC tax changes are fast approaching. They take effect 1 April 2011. If you have an LAQC and you have not yet discussed with us what course of action to take, you need to contact us..
Read ArticleIf you have a company that was previously a Loss Attributing Qualifying Company (LAQC) and you did not elect to convert the company into the new Look Through Company (LTC) regime or disband the company into a sole trader or partnership, you now have a..
Read ArticleIf you have a company that used to be an LAQC before the rule change on 1 April 2011 and you have not previously taken any action in terms of transitioning the company into the new Look Through Company (LTC) regime, you still have one..
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