Thinking of Buying a Holiday Home?
1 February 2018
The tax rules around holiday homes have changed significantly making many formerly available tax deductions unavailable. If considering buying a property to be available for
Check here regularly for the latest accounting & tax info, news and business advice.
The tax rules around holiday homes have changed significantly making many formerly available tax deductions unavailable. If considering buying a property to be available for
No. Residential rental properties are exempt from GST. You cannot charge or claim GST for the supply of residential rental accommodation, therefore there is no
Something which has become a little confusing for clients is the where / what / how of using Kiwitax. Should you use Kiwitax via the
Accounts Payable Amounts companies owe suppliers for goods and services. Listed in the current liabilities section on the statement of financial position. Accounts Receivable Amounts
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
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
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
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
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
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
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
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