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If you are not a tax resident of New Zealand and have a New Zealand trust with New Zealand resident trustees, you may be subject to the IRD’s new foreign trust registration and disclosure rules.  These rules are in place as a result of concerns..

On 1 April 2011, new GST rules came into force. Perhaps the change of most significance to many of our clients are the new rules around zero rating of land transactions.  These rules were brought in to address concerns the Government had about GST leakage..

Recently New Zealand passed legislation which we are finding is affecting many clients, especially individuals, trusts and companies. For this reason, it's important you are aware of the new law and how it will affect you. Purpose and objective of new legislation  The law recently..

As of 1st October 2013, the Reserve Bank has imposed limits on high loan-to-value mortgage lending. What are the new rules? Under these new rules, only 10% of a bank's new residential mortgage lending can be at LVRs over 80%. Up until now, high LVR..

Did everyone catch the NZ  Reserve Bank announcement today that investors with five or more rental properties will be required to be treated commercially by banks?   Apparently we must be treated as small business owners in risk profile, and higher costs for credit paid...

In a bid to seriously address the housing crisis, the Government has announced plans to change the Resource Management Act, reducing red tape and allowing for intensification of housing throughout the country. In my view this is a very positive move. Labour have the support of..

The long awaited new associated persons rules have finally passed into law.  On 6 October 2009 the legislation received Royal Assent.  The new rules apply to land acquired on or after 6 October and in certain instances to improvements made to buildings after that date. ..

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..

This video post outlines the government's new trust disclosure rules: what they are, and who they apply to. The new rules require trusts to make additional disclosures when filing income tax returns unless the trust meets certain exemptions. Non-exempt trusts need to prepare financial statements..