Australian Budget Hits Offshore Property Investors 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 is removed.  By way [...]

I wanted to tell you about a very exciting event coming up for all potential and current business owners. Brad Sugars – Business is Booming Tour Brad Sugars, the world’s #1 Business Coach is visiting Auckland on his ‘Business is Booming’ tour. During the seminar, you will learn 28 proven strategies to help you massively [...]

I wanted to tell you about a very exciting event coming up for all potential and current business owners. Brad Sugars – Business is Booming Tour Brad Sugars, the world’s #1 Business Coach is visiting Auckland on his ‘Business is Booming’ tour. During the seminar, you will learn 28 proven strategies to help you massively [...]

Don’t Miss The Boat     The 2012 tax year began on 1 April 2011 for most taxpayers and with it new tax rules in relation depreciation on buildings and LAQCs finally came into force.  We have written a number of times on the potential impact these rules may have on you if you have an [...]

To Gift or Not to Gift 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 transference of wealth will [...]

To Gift or Not to Gift 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 transference of wealth will [...]

New Tax Rules Proposed for Holiday Homes The IRD has recently released an issues paper in relation to the tax treatment of mixed-use assets.  Whilst the issues paper will apply to a range of assets including yachts, launches, aircraft for example, its application to holiday homes is likely most relevant to readers and clearly the [...]

GST Issues for People Buying and Selling Property/Property Traders Whilst it has almost been six months since the new zero rating provisions for land transactions came into force, at GRA we are still seeing quirks and issues emerge as practitioners and property traders / investors come to grips with the new rules.  In today’s article [...]

Sunday Rant…. Labour intend to ring fence property losses to future property income. This will send thousands of investors broke fast. Take investors tax refunds away, property values crash. This is well documented overseas. Sweden property values dropped 35% when they ring fenced losses and the following govt reversed the policy, with values immediately there [...]

Capital Gains Tax     Once again the topic of capital gains tax (CGT) has reared its ugly head.  Speculation is that Labour will unveil a property investment targeted capital gains tax when it announces its tax policy in the next two weeks.  The Greens have thrown their not so considerable economic muscle behind the proposed [...]