Posts Tagged ‘advice’
BRIGHT-LINE ROLLOVER RELIEF
Bright-line rollover relief (opens in new tab) is one of the most important property tax changes for New Zealand investors, yet it remains widely misunderstood. Many property owners assume they can transfer a rental property into a trust, LTC or company without tax consequences simply because they continue to control the property. Others assume every…
Read MoreSPECIAL REPORT: Record Property Market Lows — Should Investors Panic?
Property market lows: should investors panic? RNZ reported this week(opens in new tab) that Auckland and Wellington both recorded the longest time to sell a property in August that’s ever been recorded. Wellington also had its lowest-ever August sales count. Sales nationwide were down 13% on a year earlier — the sixth-lowest August total in…
Read MoreRENTAL PROPERTY OR SHARES: WHICH IS BETTER FOR NZ INVESTORS?
Rental property or shares: which is better for NZ investors? There has been a lot of debate recently about whether one is better than the other. So how can you decide? Should you do one or the other? Or both? We examine the advantages and disadvantages of each. Scroll down for a case-study that might…
Read MoreARE REPAIRS TO MY RENTAL PROPERTY TAX DEDUCTIBLE?
Are repairs to my rental property tax deductible? It’s a question nearly every landlord asks at some point – usually right after a tenant calls about a leaking roof or a rotten deck. The honest answer has always been “it depends,” but Inland Revenue has just made it a lot clearer exactly what it depends…
Read MoreWHEN CAN LAND SALES BE TAXED AS A PROFIT-MAKING SCHEME?
When can land sales be taxed? ie as a profit-making scheme? Inland Revenue has released a draft interpretation statement, PUB00519(opens in new tab), that revisits an issue which has been debated by tax advisors, property investors, developers, and Inland Revenue itself for decades. And it is potentially a huge shift in IRD thinking. At the…
Read MoreNEW BUILD VS EXISTING PROPERTY VS LAND & BUILD
New build vs existing property vs land & build: what is the right investment strategy? Property investment decisions rarely come down to a single “right” answer. One of the most common questions we get is whether it’s better to buy an existing property, purchase a new build, or go through the process of buying land…
Read MoreTHE DANGERS OF USING AI TO DO YOUR TAX RETURN
The dangers of using AI to do your tax return? What dangers? Well…. We all know that artificial intelligence has become remarkably accessible. Today, anyone can ask ChatGPT, Gemini, Copilot, Claude, or another AI tool a tax question and receive an instant answer that appears authoritative and well researched. That convenience creates a real danger.…
Read MoreARE RENTAL PROPERTY LEGAL FEES TAX-DEDUCTIBLE?
Are rental property legal fees tax-deductible? It’s something that rental property owners ask from time to time, and it regularly comes up when we are preparing annual accounts. The answer depends on why you incurred the legal cost, not simply that you paid it. Legal fees regularly arise for landlords: They appear during disputes, lease…
Read MoreLANDLORD’S PROTECTION INSURANCE: WHAT IS IT AND DO I NEED IT?
Landlord’s protection insurance: What is it and do you need it? Owning a rental property can provide a steady income stream and long-term capital growth. However, every landlord faces risks that can quickly turn a profitable investment into an expensive headache. While most property owners understand the importance of house insurance, many overlook another valuable…
Read MoreDEPRECIATION CLAWBACK AND YOUR RENTAL PROPERTY
When a property is sold, ideally you should get a proper valuation done (see here for more info). Work out the difference between their current value and their book value and that will give you the figure that is either clawed back or deducted
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