Do I Have To Return My Overseas Rental In My NZ Tax Return?
31 January 2018
When you are a NZ tax resident you are required to declare your worldwide income in your NZ tax return which includes your overseas investment
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Check here regularly for the latest accounting & tax info, news and business advice.
Living Outside of NZ But Have a Rental Property Here?
31 January 2018
IRD are paying close attention to the residency status of individuals who have left New Zealand but still have a dwelling here which they could
Have a Family Member Living in Your Rental Property?
31 January 2018
If you have a family member or associated party living in your rental property, there are different tax rules that apply to this situation. Based
Business Tax Types & What They Mean
31 January 2018
Here is a brief description of the types of tax that you are likely to come across in business: GST – Goods and Services Tax
Thinking of Turning Your Home Into a Rental Property?
31 January 2018
There are a few things to consider before you jump in and make this happen. Ownership structure, tax implications and debt allocation are the main
Do I Have To Pay Fringe Benefit Tax (FBT) On Gifts I Give To Staff?
31 January 2018
General exemption – There is a $300 exemption per employee per quarter from paying FBT if you provide free (gifts and prizes), subsidised or discounted
Is Paying Wages “Under the Table” Worth It?
31 January 2018
It can be easy to fall into the trap of paying your staff cash “under the table” instead of putting them on the payroll, less
What is Better – Drawings or Wages?
31 January 2018
Clients often ask which is the best way to pay themselves from their company – wages or drawings? Here is an explanation of the differences.
Buying a Commercial Property?
31 January 2018
To get the best tax deductions available for depreciation on a commercial building fit-out you will need to: Have an independent valuer prepare a fit-out
What is a Dividend?
31 January 2018
Many people have asked us “What is a dividend?” In short, a dividend is an allocation of profits from a company to its shareholders. In
Repairs On a Rental Property – Are They An Expense or Improvement?
31 January 2018
You are only allowed a deduction for repairs and maintenance where the expenditure is required to maintain an asset in the condition it was initially
Advertising and Commission Costs When Selling a Rental Property
31 January 2018
If you pay costs to advertise the sale of your rental property, these are not claimable as an expense but will come off the sale
