Posts Tagged ‘law changes’
RENTAL 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 MoreCHANGES TO FINANCIAL REPORTING REQUIREMENTS FOR SMES
ou might have heard of the Financial Reporting Act 2013 and the Financial Reporting (Amendments to Other Enactments) Act 2013. Maybe not. Anyway, changes which took effect on 1 April 2014 mean that entities that do not meet the large entity definition will no longer be required to prepare financial statements in accordance with NZ GAAP.
Read MoreWHY USE A PROPERTY ACCOUNTANT
he field of investment property accounting has become more and more complex as more and more laws have been passed in the last few years,
Read MoreGOVERNMENT RENTAL PROPERTY TAX CHANGES 2021 (ARCHIVE)
This page covered the government’s 2021 announcement to phase out interest deductibility and extend the bright-line test to 10 years — written at the time as upcoming changes. Those changes have since run their course and been substantially reversed: interest deductibility is now fully restored, and the bright-line test has dropped back to 2 years.…
Read MoreTRUST LAW CHANGES NEW ZEALAND
Trustees will now have some mandatory duties to fulfill
Trustees must disclose certain information to all the beneficiaries – no more opacity!
Read MoreTAX WORKING GROUP INTERIM REPORT – IMPACT ON PROPERTY INVESTORS (ARCHIVE)
The Tax Working Group (TWG) has published its interim report. What will be the impact on property investors? (As it turned out: zero. It was not implemented) THE GIST OF IT Basically, the TWG wants to extend taxes on capital gains to things other than property. But, they are also looking at reintroducing building depreciation,…
Read MoreGOVERNMENT DIRECTION RE RENTAL HOME LOSSES (ARCHIVE)
Government direction re rental home loss: What is it? What will they do? Will losses be ring-fenced or not? There are certainly differing views out there. One thing is for sure: there’s nothing like rumour. Interest.co.nz(opens in new tab) lead the charge on the 8th of June 2013 with this headline: Who owns…
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