Posts Tagged ‘property’
NEW 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 MoreCAN YOU DEDUCT HOLDING COSTS ON PRIVATELY USED PROPERTY THAT IS TAXED ON SALE?
Can you deduct holding costs on privately used property that is taxed on sale? That’s a good question. Property investors focus on outcomes. Cash flow, tax, risk, and long‑term value drive decisions far more than legal theory. However, one legal issue now affects thousands of everyday investors in a very practical way: When Inland Revenue…
Read MoreHOW A TYPICAL NZ INVESTMENT PROPERTY DEAL WORKS
How a typical NZ investment property deal works… have you ever wondered that? Below is a plain‑English, step‑by‑step guide to buying and selling an investment property in New Zealand. It explains the people, the paperwork, the timing, and the terms you’ll hear—so you can feel more confident and work out whether this is something that…
Read MoreIS SELLING YOUR HOME TAXABLE?
Is selling your home taxable? Selling your home is often one of the biggest financial events in your life. For many New Zealanders, there’s a deeply held belief that “we don’t have capital gains tax”, so any profit made when selling a house must be tax‑free. That belief is partly true – and partly dangerous. While…
Read MoreHOW DO YOU SET UP AN LTC?
Who will be the company directors?
How many directors will you have?
Who will be the shareholders?
How many shares will they own?
RESIDENTIAL 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 MoreTAX ON AIRBNB INCOME NZ
TAX ON AIRBNB INCOME NZ: Is my Airbnb income taxable? Is there tax on airbnb income in NZ? Yes. Income earned from providing short-stay accommodation is taxable
Read MoreNEW BUILD VS OLD VS LAND/BUILD
The builder probably said it’d be 6 months, but that didn’t include getting consent from Council. Then there were weather problems, and other problems, and so it has actually taken a year to build.
Read MoreRING-FENCING RENTAL PROPERTY LOSSES: PART 2
There are various rules (outlined above) which limit what you can claim from these kind of assets, and you have to be careful if you think your gross annual income will be more than 60k (GST registration)…
Read MoreRING-FENCING RENTAL PROPERTY LOSSES: PART 1
RING-FENCING RENTAL PROPERTY LOSSES: PART 1. IRD released a proposal to ring-fence rental property losses. What does that mean for you?
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