What will the new tax rates in NZ mean for you? The government has announced a new tax rate of 39% on personal income exceeding $180,000 per year.
These proposed changes emphasize how important it is to have the right business and/or investment structures in place. There will be tax planning opportunities arising out of the difference between the trust and company rates and the new highest rate.
If you would like a review of your tax position and structure, please complete the contact form below or call us on 099730706 line 2
Accounting for your rental residential investment property; specialised property tax advice. Buy me a coffee!