Posts Tagged ‘law changes’
RESIDENTIAL TENANCIES LAW CHANGES EFFECT ON LANDLORDS
Residential Tenancies Law Changes: Effect on Landlords. Have you been wondering about this? Here is a recap of what happened in 2020; scroll down for the latest version of the ever-changing tenancy laws The Residential Tenancies laws have changed. What effect does the “Healthy Homes Act” have on landlords? The Residential Tenancies Amendment Act…
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 MoreWHAT DOES THE 2025 INVESTMENT BOOST MEAN FOR BUSINESS?
What does the 2025 investment boost mean for business? Investors and business owners have been wondering about this since the 2025 Budget introduced one of the most substantial support measures for businesses in recent years—the “Investment Boost.” If you are an investor and/or own a business and are considering buying new assets like equipment, vehicles, or…
Read MoreWHAT TRUST TAX CHANGES MEAN FOR MY FAMILY
What trust tax changes mean for my family: Is that something you have been wondering about? Lately, I’ve been hearing a lot about rising taxes on trusts and the growing wealth gap between generations. Like many families, we’ve worked hard to build up some assets — a home, maybe a rental or two, a business…
Read MoreNZ 2024 TAX CHANGES: WHAT YOU NEED TO KNOW
NZ 2024 Tax Changes: What You Need To Know NZ 2024 tax changes: what you need to know. As New Zealand gets into the new financial year (which started on April 1, 2024) significant tax changes took effect/are set to take effect. These updates will impact individuals, trusts, and property owners, reflecting the government’s aim…
Read MoreNEW TAX RATES IN NZ
…additionally, the government have increased the trustee tax rate from 33% to 39% from 1 April 2024.
Read MoreRENTAL PROPERTY ACCOUNTANT AUCKLAND
What may have been applicable last year could be completely different today. For landlords, staying abreast of these changes is not just advisable—it’s essential.
Read MoreGOVERNMENT RENTAL PROPERTY TAX CHANGES 2021
SUMMARY OF CHANGES Changes announced January 2021 by the government: Note that this law was very much “being made up as they go along” so at the time of announcement, lots of things were unknown, or not decided on. Subsequently, IRD have clarified most questions and rewritten some poorly-worded tax law. HOW DOES THIS AFFECT…
Read MoreCOVID-19 STRATEGIES FOR PROPERTY INVESTORS AND BUSINESSES
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.
Read MoreCOVID-19 BUSINESS & TAX SUPPORT
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.
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