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Are you thinking about buying a rental property but not sure if now is the right time to dive in?  There’s nothing like a worldwide pandemic to give you wobbly legs at the thought of making a big financial investment! It may seem like a precarious time to buy a rental property due to Covid-19 and political uncertainty around landlord requirements. However, there are other drivers which may indicate that it is a good time to enter the property market or expand your portfolio.&nbs […]

You might also want to look at a mortgage holiday. Be aware that this will increase the loan,^ but it will buy you some time, so in the big picture, may be worth it.

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​If you are unable to pay this tax on time because of the effect of COVID-19 on your business, IRD expect that you will pay this tax as soon as practicable. In such cases our recommendation is that you contact IRD now to let them know you can’t pay the tax on time and negotiate a payment plan. 

It’s not really a “holiday”, but rather a “payment deferral.” How does it work? While you don’t have to make payments during the mortgage holiday, you still get charged interest. What’s that going to cost? Well, it could be significant.

What are your options for managing your loan or mortgage during the COVID-19 outbreak?​ RESTRUCTURE / renegotiate Depending on when you last fixed your loans, you may be able to get a lower rate now.  Look into what the bank’s break fee would be (break fees are deductible on rental properties); chat to your mortgage advisor if the bank isn’t playing ball.  Or if they are being greedy at a difficult time.You might also be able to push the loan term out e.g. from 25 years to 30 y […]

Capital Gains Tax rental property effects & strategies: What should or could you do? See our updated article (2026) “Is a capital gains tax coming to NZ?” Meantime though, here is a high-level overview of the 2019 proposals: WHAT WILL BE TAXED? Everything except your grandma.  No, not quite. All land except family home, shares,…

The Tax Working Group (TWG) has published its interim report. What will be the impact on property investors?  (As it turned out: zero. It was not implemented) THE GIST OF IT Basically, the TWG wants to extend taxes on capital gains to things other than property. But, they are also looking at reintroducing building depreciation,…

There are various rules (outlined above) which limit what you can claim from these kind of assets, and you have to be careful if you think your gross annual income will be more than 60k (GST registration)…