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Those of you who are knowledgeable about the NZ mortgage landscape may have heard in the past about Resimac’s Specialist Investor Product. This offered a great longer-term solution for those who wanted to hold investment properties but couldn’t meet overly cautious bank affordability criteria.While this..

Going out on your own is exciting, but it also comes with some harsh tax realities. Unfortunately, these can be unexpected, especially when you're entering your first year of self-employment. One very helpful piece of tax policy for new small-business owners in New Zealand is the..

As we close in on summer, I thought it was worth highlighting a tax trap for bach owners who want to get some extra income by renting out the holiday home on Airbnb. Consider the following.Let us say that 30 years ago your parents formed..

With the trust tax rate expected to increase from 33% to 39% on 1 April 2024, now is the time to consider declaring dividends for any companies owned by trusts. Declaring a dividend before 31 March 2024 means there will only be 5% “top-up” tax payable..

New Zealand has become an attractive destination for foreign investment, particularly in real estate. However, when investing in property in New Zealand, foreign investors must understand the tax framework they are dealing with which, among other considerations, includes the thin capitalisation rules, commonly referred to..

Main Home Exemption and Residential Exclusion - understanding IRD's stance on frequent disposals of family homesSelling your home is often one of the most significant financial transactions an individual undertakes. Fortunately, New Zealand tax law provides valuable exemptions which can shield profits from tax – primarily..

Everyone likes more money in their back pocket, and we’re about to get a few extra dollars to try and counteract the effect of inflation. The coalition government recently announced in their budget that there would be a shift in the tax rate thresholds for individuals..

No matter what type of business you run (retail, hospitality, commercial rental, professional services, or product manufacturing), it is important to manage your cashflow. Many businessowners focus on the profit made for the last financial year and use this as an indicator of whether or not..

While most of the attention recently around mortgage rule changes has concentrated on the implementation of the debt-to-income (DTI) rules, it is worth noting that on the same day this change came in (1 July 2024), the Reserve Bank also slightly relaxed the loan-to-value restrictions..