Tax
BRIGHT-LINE TEST NZ: WHAT IS IT AND HOW IT WORKS TODAY
The bright-line test NZ property owners deal with has changed four times since it began in 2015. That history creates real confusion. Plenty of investors still believe they’re locked into a 5-year or 10-year rule that hasn’t applied to their sale for years. This guide sets out how the test works today, the history behind…
Read More“IRD RISK REVIEW” VS IRD “REQUEST FOR MORE INFORMATION”
Facing an IRD Risk Review is a scary thing. You might have read about Audits, and Risk Reviews. But what does the process (sometimes) look like?
Read MoreIS HOUSE FLIPPING STILL A THING IN NZ?
OVERSEAS SHARES: SHOULD YOU BE A DE MINIMIS INVESTOR?
Overseas shares: Should you be a de minimis investor? It’s a good question. Learn why staying under the “de minimis” threshold might not actually get you the most tax-efficient outcome. Just before we get into the nuts and bolts of that, here is a high-level overview: Key Points (30 Second Read) Staying under the $50,000…
Read MoreARE TAX BENEFITS A GOOD REASON TO CHANGE COMPANY SHAREHOLDINGS?
Previously you both earned about the same, but now there is a child in the mix, and one of you is working less as a result, and earning less as a result.
Read MoreRING FENCING OF PROPERTY LOSSES
Ring fencing of property losses is here to stay. What will be the impact, and what strategies should you employ? How will it affect you? Will you still get a tax refund?
Read MoreWHAT DOES TAX-DEDUCTIBLE MEAN?
What does tax-deductible mean? Why does it matter? Understanding tax deductions is essential for effective financial management, especially for property owners and investors. A tax deduction allows you to subtract certain expenses from your taxable income, thereby reducing the amount of tax you owe. But: It’s important to note that a tax-deductible expense doesn’t equate…
Read MoreGST & RENTAL PROPERTIES NZ: WHAT’S EXEMPT AND WHAT ISN’T
For GST-registered buyers, buying a property off a GST-registered seller means that the sale is zero-rated for GST i.e. none is paid by the seller and none claimed by the buyer.
Read MoreTAX ON AIRBNB INCOME NZ
TAX ON AIRBNB INCOME NZ: Is my Airbnb income taxable? Is there tax on airbnb income in NZ? Yes. Income earned from providing short-stay accommodation is taxable
Read MoreWHAT’S THE PROCESS FOR MY TAX RETURNS?
Here are the main steps involved in your tax return preparation
Read More