Posts Tagged ‘law changes’
FAMILY TRUST ACCOUNTING – WHAT DO I NEED TO DO?
Family trust accounting – what do I need to do? This could quite possibly be a question which you have never thought much about before. But given the trust tax law changes – including tax rate increases – of recent years, it may now be on your radar. In fact, it should be on your…
Read MoreWHAT DOES THE 2025 INVESTMENT BOOST MEAN FOR BUSINESS?
What does the 2025 investment boost mean for business? Property 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,…
Read MoreCHANGING SHARES IN LTCS: CONSIDERATIONS
Let’s say that the company owes the shareholders $150,000. This is tracked in the Shareholders Current Account, and is a liability (debt) of the LTC…
Read MoreWHAT TRUST TAX CHANGES MEAN FOR MY FAMILY TRUST
What trust tax changes mean for my family trust: 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…
Read MoreREPAIRS TO NEWLY ACQUIRED ASSETS: WHAT’S TAX DEDUCTIBLE?
Repairs to newly acquired assets: what’s tax deductible? When acquiring an asset – including rental property – it’s common to incur repair costs to bring it up to a usable standard. But can those costs be claimed? The Inland Revenue Department (IRD) has released updated guidance on the subject, including a “Question We’ve Been Asked”…
Read MoreBRIGHT-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 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 MoreCOMMON MISCONCEPTIONS ABOUT FAMILY TRUSTS
The beneficiaries have the legal right to be informed and to be considered, and as a trustee you must prove that you have consistently done this. In other words, there is no such thing as a “passive” trustee.
Read MoreHEALTHY HOMES STANDARDS NZ
Healthy Homes standards NZ: what are they? If you own a residential rental property, complying with the Healthy Homes Standards is not optional(opens in new tab). Every private rental property must meet minimum requirements for heating, insulation, ventilation, moisture control, and draught stopping. Failing to comply can expose landlords to tenancy disputes, financial penalties, and…
Read MoreNAVIGATING THE CRYPTO LANDSCAPE: HOLDING, STAKING AND TRADING
Navigating the crypto landscape: Holding, staking and trading; it can appear quite daunting! Cryptocurrency has taken the financial world by storm, offering innovative ways to invest, earn passive income, and trade digital assets. In New Zealand, as elsewhere, navigating the world of crypto can be both thrilling and daunting. Thus, in this comprehensive guide, we’ll…
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