Posts Tagged ‘how to’
IF I SELL THE FAMILY HOME TO AN LTC IS THE INTEREST TAX-DEDUCTIBLE?
Under present rules i.e. pre 1 July 2024, unless the house is rented to an approved community housing provider or is a “new build”, there is no interest deductibility
Read MoreOVERSEAS 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(opens in new tab) might not actually get you the most tax-efficient outcome. Let’s get into the nuts and bolts of that. First, here is a high-level overview: Key Points (30 Second Read) The de…
Read MoreRENTAL PROPERTY: WHAT RECORDS DO YOU NEED TO KEEP?
What records do you need to keep for your rental* property? Here is a general guide. Note that this list assumes you are using a property manager. All costs are for the 12 months preceding 31 March:RENTAL PROPERTY Copy of Sale & Purchase Agreement (if 1st year)Total Rent ReceivedInsurances, e.g. Landlord Protection, Mortgage Protection, HouseLegal feesProperty Management fees (if applicable)Rates – water and CouncilMaintenance, including any purchases e.g. heat-pumpRubbis […]
Read MorePIES vs DIRECT INVESTMENTS: WHAT’S BETTER?
PIEs vs Direct Investments: What’s better? First, let’s check out our high points to look forward to in this read: Key Points (30 Second Read) Should you invest through a PIE managed fund or buy shares and bonds directly? The right answer depends on your tax rate, investment knowledge, and how much time you want…
Read MoreTRUST VS PARTNERSHIP VS COMPANY VS LTC FOR RENTAL PROPERTY
Note also that in the case of rental property owned by individuals, income or loss can only be unevenly distributed if this is what is on the title.
Read MoreDO FAMILY TRUSTS NEED FINANCIAL STATEMENTS IN NZ?
CLOSING A COMPANY IN NEW ZEALAND
Closing a company in New Zealand is a process that involves careful planning, legal compliance, and coordination with government authorities. Whether your decision to close stems from completing the company’s purpose, financial difficulties, or a strategic shift, understanding the necessary steps is crucial. This guide provides a detailed roadmap to help you navigate the process,…
Read MoreTHE ULTIMATE GUIDE TO BUSINESS STRUCTURES AND RECORD-KEEPING
The ultimate guide to business structures and record-keeping in New Zealand? Yes: you’ve come to the right place! Managing a business in New Zealand involves careful planning, choosing the right structure, and maintaining meticulous records. This guide explores the most common business structures in New Zealand and provides practical tips on record-keeping to ensure compliance…
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 MoreHOW CAN I BUILD A FINANCIAL SAFETY NET?
How can I build a financial safety net? (Why should you bother?) Let’s be honest—property investing can be thrilling. The deals, the growth, the passive income… it’s all pretty exciting. But if there’s one thing seasoned investors know, it’s that the market doesn’t always play nice. Interest rates spike, tenants move out, repairs pop up…
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