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In November 2023 I wrote a blog about the new GST rules being applied for Airbnb properties listed through online marketplaces. You can find this here.There has since been an update to this that will make life marginally simpler for those owners who are not..

In the May 2023 Budget, the Labour government announced that from 1 April 2024, the trust tax rate will increase from 33% to 39%. What does this mean for you and your trust?What, if anything, can you do to manage this?Should you still have a trust?These..

It would be fair to say that everyone wants to pay as little tax as they are legally required to, and everyone wants to protect the assets they have worked so hard to attain (e.g. family home, savings). So how do you do this? Should..

As the end of the 2023 financial year fast approaches, you’ll want to get organised so your accountant can prepare your financial statements and tax returns as efficiently as possible. This will save you both time and money. Getting your information and documentation in order..

In March the IRD announced proposed changes to the Foreign Investment Fund (FIF) tax regime, aiming to reduce the perceived deterrent effect the current rules may have on new migrants and returning New Zealanders. This article explains what you need to know. Why are changes being..

For many of our clients, the most confusing and most-often discussed type of tax is provisional tax. (For background on the different types of tax that we have to deal with on a regular basis, have a look at our March 2022 blog.)What is provisional tax?Provisional..

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..

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..