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Today, New Zealand’s coalition government with National, Act and NZ First was finally announced. Some important decisions around tax and property investment have already been confirmed. Note that at time of writing we are still waiting on the detail around much of this, and we will..

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..

Anyone who provides lodging or ride-sharing services through an online marketplace in New Zealand, such as Airbnb or Uber, will be affected by new Goods and Services Tax (GST) changes, which came into force on April 1, 2024. What is the new legislation?Prior to 1 April..

Many of you will be aware that the Government have changed the rules on gift duty, repealing gift duty legislation from 1 October 2011.  The effect of this is that IRD will no longer have an interest in gifts made after this date, as the..

There are significant changes that the government has introduced that will affect nearly everyone, especially those who are individual taxpayers, part of KiwiSaver, or business owners. Read below to find out more. Changes Affecting Individual Taxpayers: The 33c in the dollar personal tax rate threshold..

The recent Australian Budget announcements include a significant rule change which will affect any New Zealanders whom hold property investments in Australia. Specifically, the 50% discount which was available when calculating capital gains tax on property that has been held for more than 12 months..

Yesterday (9 September 2020) Labour announced a new tax rate of 39% on personal income exceeding $180,000 per annum. Key points that we know so far:•  Applies to individuals only, i.e. an individual on a salary of, say, $200,000 will pay an additional $1,200 per..

There are imminent changes to the bright-line test which will affect you if you are planning to buy or restructure investment property.  You are probably already familiar with the two-year bright-line test that was introduced in October 2015. Under this test, investment property that is..

Earlier this year I wrote about some of the dangers posed by the bright-line rule when restructuring. I did this because the bright-line rule is something we grapple with daily at GRA. However, there is a series of questions that come up on a regular..