Posts Tagged ‘trickyquestions’
TAX 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 MoreGST APP TAX REGULATIONS: WHAT YOU NEED TO KNOW
GST app tax regulations: what you need to know. The GST app tax rules NZ hosts and drivers will soon operate under will take effect from 1 April 2024. They’re already catching people out in the lead-up, usually because some assumes the old GST threshold rules will keep applying the way they always have. If…
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…
Read MoreCOMPANY DIRECTORS: ARE YOU TRADING RECKLESSLY?
Company directors: are you trading recklessly? Many business owners choose a company structure because it provides limited liability protection. That creates a valuable separation between the company’s obligations and the personal assets of its shareholders. Many directors misunderstand the limits of that protection, though, and the consequences of getting it wrong can be severe. 30-Second…
Read MoreOVERSEAS PENSION NZ TAX RULES: HOW DO I GET THE MONEY BACK TO NEW ZEALAND?
Basically, Foreign Investment Fund (FIF) rules are there to declare your foreign investments, as the name suggests. If you haven’t been using these up until now, the proposed new rules will effectively be compulsory.
Read MoreWHAT IS FATCA? AND WHY IS MY BANK WRITING TO ME ABOUT IT?
FATCA NZ bank customers get letters about every year, and most people have no idea why. That’s especially true if they’ve never set foot in the United States. This guide explains what FATCA actually is, and why your bank is asking. It also covers a closely related rule that catches even more people out: CRS,…
Read MoreCAN I CLAIM MY HOLIDAY AS A RENTAL EXPENSE?
You have a rental property. Can you claim your holiday as an expense? If you spend time travelling as part of your business you can claim business travel as an expense. A good way to prove the business portion of your travel expenses is by keeping a diary of your travels.In addition to keeping invoices, receipts and tickets you should also keep details of:the date of the tripyour itinerarythe cost of car hire, and air, bus and taxi faresthe cost of accommodation, meals and incidentalsthe t […]
Read MoreDEPRECIATION OF CHATTELS IN YOUR RENTAL INVESTMENT PROPERTY
DEPRECIATION OF CHATTELS IN YOUR RENTAL PROPERTY. Depreciation of Chattels: what is depreciable? what is not?
Read MoreDEPRECIATION AND CHATTELS: WHAT TO DO?
Depreciation and chattels: what to do? It’s one of the most common sources of confusion for rental property owners, and the questions tend to come up at very specific moments. For example: you’ve just settled on a property, when you’re about to renovate, or when you’re weighing up a sale or an ownership change. Below…
Read MoreHOW IS FOREIGN-SOURCED INCOME TREATED IN SINGAPORE?
How is foreign-sourced income treated in Singapore? If you live and work in Singapore and own a rental property back in New Zealand, the tax position on each side of that arrangement is genuinely different. Getting it right means understanding both. 30-Second Read In New Zealand, you still need to file a tax return for…
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