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Christmas and its associated present receiving is something I look forward to with much anticipation. I love looking at the prezzies under the tree, trying to guess what they actually are and tearing the wrapping paper off of them when Christmas Day finally arrives. I know..
Read ArticleThere is no doubt the Tax Working Group’s recently released interim report is the topic du jour. Accordingly, it is only appropriate that I offer my two cents’ worth, particularly in relation to the comments on a possible capital gains tax. The Tax Working Group (TWG) has ruled..
Read ArticleNow there's always at least 3 sides to a story but if the article in the New Zealand Herald is anything to go by, it would appear a family home and its contents were sold without potential beneficiaries being told. The facts as reported are..
Read ArticleIn the last couple of months there have been announcements of two impending rule changes that have had an impact on property investors. The first was the Government's announcement of the new two-year “bright-line” test for taxing gains on the sale of investment property. The..
Read ArticleIf 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..
Read ArticleOn 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..
Read ArticleRecently 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..
Read ArticleAs 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..
Read ArticleDid 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...
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