Renovating a Rental? Capital vs Revenue Expenditure
Determining whether expenses are capital or revenue is never easy. IR have released a TDS regarding renovation expenditure for rentals.
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ARTICLES
Julia Johnston
Nov 3, 20234 min
Tax Consequences of Assisting your Child onto the Property Ladder
“No good deed goes unpunished” is certainly is relevant when it comes to parents assisting their children onto the property ladder
352
Julia Johnston
Sep 28, 20216 min
Interest Deductibility and New Builds - Does the Draft Legislation Stack Up?
Legislation proposes that investors’ ability to deduct interest in relation to properties acquired before 27 March 2021, will be phased out
10
Julia Johnston
Jun 11, 20217 min
Limited Guidance on Interest Limitation Rules
The discussion document is comprehensive & addresses a number of areas that will be impacted by the interest limitation & bright-line rules
2
Julia Johnston
May 12, 20215 min
The Family Home Can Still Attract Bright-line Tax
Changes to the bright-line test mean properties acquired and then sold within 5 or 10 years, are taxed on the gain.
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Julia Johnston
Mar 24, 20216 min
The Bright-Line Test and Main Home Exemption – What You Need To Know
The new bright-line test extends the bright-line period to 10 years for any existing property acquired on or after 27 March 2021.
55
Julia Johnston
Mar 23, 20215 min
Property Investors Hit Hard by Tax Reforms
The Government has announced tax reforms which are attempting to grapple with the housing crisis.
10
Julia Johnston
Nov 20, 20203 min
IRD Cracking Down on Property Sales and Bright-Line Test
While New Zealand does not have a comprehensive capital gains tax, we do have a tax in relation to property known as the bright-line test.
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Julia Johnston
Sep 4, 20205 min
Tax Deductibility and Healthy Homes Standards
Owners of residential rental properties are required to meet certain minimum standards.
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Julia Johnston
Jul 15, 20208 min
Is the Sale of Your Property Subject to Tax?
Buying and selling property in New Zealand is common. What is less commonly known are the tax implications of these transactions.
151
Julia Johnston
Jul 28, 20194 min
You Could Get Caught Out by GST When Buying a Property – Even if You Are Not GST Registered
A lot of clients want to know whether they should register for GST for an upcoming property purchase and claim back the GST, or zero-rate.
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Julia Johnston
May 28, 20195 min
GST on Property Transactions – Compulsory Complexity
GST is the most common thing that goes wrong in property transactions, due to a widespread lack of understanding.
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FACTSHEETS
Tax Advice for Migrants and Returning Kiwis
...an overview of the key tax considerations.
New Zealand tax residents are required to pay tax in New Zealand on their worldwide assets. So what does that mean? We are dedicated expat tax specialists and have summarised the key tax information and considerations for migrants/returning kiwis.
