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30 July 2019 was an important milestone in the land of trusts. That was the date the Trust Act 2019 became law in New Zealand. One of the objectives of this new law is to provide for greater transparency and accountability by trustees to beneficiaries. This..
Read ArticleA new bill is making its way through Parliament which is going to see changes made to the current Trustee Act. All those with an existing trust should be aware of the implications imposed and the opportunities this new bill will bring when it becomes..
Read ArticleThe utilisation of trusts for asset protection, estate planning and tax planning purposes has exploded over the last 20 years. I suspect many readers are currently trustees of trusts. I equally suspect that very few readers have read the Trustee Act 1956, which was essentially..
Read ArticleInland Revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre. This rate applies to self employed taxpayers with up to a maximum of 5,000 kilometres of work-related travel each year. This applies to all motor vehicles (except motorcycles) irrespective..
Read ArticleThe Tax Working Group report was publicly released at a press conference yesterday, 20 January 2010. Please read our summary including our response of interest to property investors. The highlights of the report seem to be: The lowering of personal tax rates in favour of..
Read ArticleAt the time of writing, Labour's new foreign buyer ban has just passed through Parliament and while this signals that New Zealand is closing its doors to foreign investment, the same does not necessarily apply in reverse to New Zealanders looking to invest offshore. While..
Read ArticleHere's something interesting … our money is about to get a facelift. Initially introduced into New Zealand's money system in 1999, our bank notes have become a little dull. New bright notes, however, are going to be the norm from October 2015 onwards. The notes will..
Read Article"Should I sell, or should I wait till the property is worth more?" "I really wanted $20k more. Should I accept this final offer?" "I'd lose $20k on my trade if I sell for that, what should I do?" These are questions that investors, traders and homeowners are..
Read ArticleCase study Remuera vs Otara The Great Property Debate: Cash flow vs Capital GrowthProperty investor compares investment returns Tyson is a property investor, looking at investing in the Auckland market. He has been told by his parents that he should 'buy the worst house in..
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