Tax
CAN YOU RENT INVESTMENT PROPERTY TO YOUR FAMILY?
Can you rent investment property to your family? Helping a child save for a house deposit. Supporting elderly parents. Giving a sibling an affordable place to live. These are all common reasons why property owners consider renting a residential investment property to a family member. At first glance, it seems like a win-win arrangement. Your…
Read MoreWHY YOU SHOULD (ALMOST) ALWAYS GET CHATTELS VALUED
Why you should (almost) always get chattels valued… it might seem like a waste of money. After all – you might say – I have a property valuation. True. That likely shows the land and building value and may even show the value of the chattels. However, if you rely on that you could potentially…
Read MoreIS SELLING YOUR HOME TAXABLE?
Is selling your home taxable? Selling your home is often one of the biggest financial events in your life. For many New Zealanders, there’s a deeply held belief that “we don’t have capital gains tax”, so any profit made when selling a house must be tax‑free. That belief is partly true – and partly dangerous. New…
Read MoreRESIDENTIAL PROPERTY TAX IN NEW ZEALAND: WHICH RULES APPLY (AND WHEN)?
Residential property tax in New Zealand: Which rules apply? (and when)? That is the big question. If you own, rent, or occasionally use a residential property in New Zealand, your deductions and potential tax on sale depend on how you use the property in each income year. That sounds simple—until you confront overlapping frameworks like…
Read MoreTAX TRAPS IN NEW ZEALAND LAND TRANSACTIONS
Tax traps in New Zealand land transactions: is that a thing? Yes. New Zealand’s Inland Revenue Department (IRD) has significantly sharpened its tools for detecting taxable land transactions. With the integration of artificial intelligence (AI) into its systems, the IRD now has unprecedented capabilities to identify patterns, flag anomalies, and enforce tax compliance more rigorously…
Read MoreARE ASBESTOS REMOVAL COSTS TAX-DEDUCTIBLE?
Are asbestos removal costs tax-deductible? Asbestos remains one of the most persistent legacy hazards in New Zealand buildings. While its use declined sharply after the 1980s due to clear links to serious health risks, many homes, commercial buildings, and industrial structures still contain asbestos today. As these buildings age, owners frequently incur costs to test,…
Read MoreOFFSET LTC PROFITS OR LOSSES AGAINST OTHER RENTALS
Note that you can’t offset any losses against income from other sources e.g. wages, like you used to in the good old days. That is what the concept of “ring-fencing of losses” means. The losses are “ring-fenced” so that they only apply to residential rental property.
Read MoreCRYPTO TAX IN NZ: WHAT’S TAXABLE AND HOW TO REPORT IT
Crypto Tax in NZ: What’s taxable? Basically, almost everything you do. Whether you’re trading Bitcoin, minting NFTs, or staking tokens, chances are that it’s taxable. But there are nuances. Let’s explore! This guide was updated in October 2026. It breaks down how crypto is taxed in New Zealand, what the Inland Revenue Department (IRD) expects…
Read MoreTHE 7 JULY TAX DEADLINE NZ: HOW EXTENSION OF TIME ACTUALLY WORKS
The 7 July tax deadline NZ taxpayers face catches more people out than almost any other date on the tax calendar. Not because they miss it outright — because they don’t realise it doesn’t apply to them. If you’re linked to a tax agent, you’re very likely working to a completely different deadline. Mixing the…
Read MoreARE RENTAL LOSSES NZ TAX-DEDUCTIBLE IN AUSTRALIA?
does the ATO allow losses from rental property in New Zealand owned by a New Zealand LTC to be offset against personal waged income earned in Australia?
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