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The Holiday Home GST Trap

by Anthony Lipscombe 29 Oct 24

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..

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Holiday Home Tax Grab

by Matthew Gilligan 25 Sep 12

Draft legislation reflecting the Government's desire to reduce tax benefits in respect of mixed use assets has now been released. Mixed use assets are assets that are used for both private and business purposes with holiday homes being perhaps the best example of this. The..

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Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.

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