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In case you missed it over the weekend, the NZ Herald article on a woman being awarded a share of her husband's 'inherited property' that pre-existed the relationship rewrote some relationship property rules. What Happened?The Supreme Court held that a woman who helped maintain an..
Read ArticleWhether you are a businessperson signing contracts and leases in the ordinary course of business, a property investor signing finance agreements with banks, a property trader, or a developer, you will no doubt want to pay as little tax as legally required and protect the..
Read ArticleNo doubt you have been reading in the newspapers and listening to the media various reports reviewing what is going on in the property markets; highlights of the reports are both positive and negative, and you hear various opinions around the marketplace about what 2010..
Read ArticleLots of our clients are asking GRA what is on offer from the various parties for the 2023 election, so I thought it would be useful to recap the tax changes made by Labour in their past two terms, and then canvas the different offerings..
Read ArticleMany of our clients come to us because they are not getting advice or they are not satisfied with advice they are receiving from other accountants. In recent times the tax changes introduced by the National Government regarding property investors have created quite a stir...
Read ArticleIn April 2016 the Government announced a new SME-friendly tax package, which will make paying tax easier and more certain, reduce the burden of interest and penalties, and help smaller businesses tailor payments to their own circumstances. PROVISIONAL TAX To give you some background, provisional..
Read ArticleIn this webinar, Matthew Gilligan and Anthony Lipscombe discuss the implications of the interest deductibility and bright-line rules. Topics covered include: Interest non-deductibility and how it will affect investors Extension of the bright-line rule to 10 years Exemption of the above rules for ‘new builds’..
Read ArticleThis blog is a follow-up on my October blog about the new top individual tax rate. On 7 December 2020, the Labour Government passed legislation to implement the higher individual tax bracket of 39% for income over $180,000. This comes into effect in 2021/2022 income year..
Read ArticleThe Government’s release of draft legislation this week was disappointing on a number of fronts. First, what was expected to be complex legislation has been successfully made nearly indecipherable. Second, it is of course disappointing that they are pressing ahead with the rules being effective..
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