Blog Search Results

Late last year the IRD issued a raft of statements including draft new legislation and new interpretations of existing rules. A few important ones that clients should note as potentially relevant are: - The IRD have issued a new interpretation statement (not in draft form)..

Learning to renovate an investment property properly can be a bit tricky as it all depends on what you are trying to achieve.  So I have put together a video series to give you some tips on renovating for the first time.  Check out my..

Renovating property part 2. Learning to renovate an investment property properly can be a bit tricky as it all depends on what you are trying to achieve.  So I have put together a video series to give you some tips on renovating for the first..

We all know trust law is a moving beast. The Court of Appeal recently demonstrated this when it released a judgement that had professional trustees using their little grey cells and thinking hard about their clients.  The case involved a fairly traditional marriage, of reasonably..

The 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..

There is currently legislation before Parliament seeking to tighten up rules around incorporation of companies on the New Zealand Companies Office Register. In particular, there is concern about companies being incorporated with offshore shareholders and directors, and then being used in criminal activities. A large..

Do you struggle to organise your financial and tax records during the year? Is your accountant constantly asking for additional information? Does your record keeping resemble a shoe-box? Getting your financial records organised is important, but many of our clients don't have the time or..

One of the questions we get asked most regularly at GRA is whether or not a look-through company (LTC) is the appropriate structure for proposed property investment activity.  Before we touch on our view in relation to this, I want to confirm some basics in..

Last week the Government introduced the Covid-19 Response (Taxation and Other Regulatory Urgent Measures) Bill. This bill contains a number of provisions, including the introduction of a loss carry-back scheme whereby a business can carry a loss back to a prior period to offset the..