Today, New Zealand’s coalition government with National, Act and NZ First was finally announced. Some important decisions around tax and property investment have already been confirmed. Note that at time of writing we are still waiting on the detail around much of this, and we will..
Read ArticleIn the May 2023 Budget, the Labour government announced that from 1 April 2024, the trust tax rate will increase from 33% to 39%. What does this mean for you and your trust?What, if anything, can you do to manage this?Should you still have a trust?These..
Read ArticleLots of our clients are asking GRA what is on offer from the various parties for the 2023 election, so I thought it would be useful to recap the tax changes made by Labour in their past two terms, and then canvas the different offerings..
Read ArticleThis video post outlines the government's new trust disclosure rules: what they are, and who they apply to. The new rules require trusts to make additional disclosures when filing income tax returns unless the trust meets certain exemptions. Non-exempt trusts need to prepare financial statements..
Read ArticleThe government have made changes to two areas of legislation that affect property investors: tax (interest deduction and bright-line), and the Resource Management Act. Tax ChangesIn October the government finally introduced legislation into parliament setting out the proposed interest deduction rules. Here is a summary..
Read ArticleIn this webinar, Matthew Gilligan and Anthony Lipscombe discuss the implications of the interest deductibility and bright-line rules. Topics covered include: Interest non-deductibility and how it will affect investors Extension of the bright-line rule to 10 years Exemption of the above rules for ‘new builds’..
Read ArticleMost readers will be well acquainted with the fact that we are expecting the interest deductibility rules to kick in from 1 October 2021. You will also likely be aware that as at the time of writing (early September), these rules are yet to be..
Read ArticleI'm seething about these tax changes. And it’s not just the fact that Labour lied to us; it’s the whole bigger picture and the implications for ordinary New Zealanders. This Government is attacking middle New Zealand with all these housing initiatives and tax reforms – it’s..
Read ArticleWhen the 2022 income year commences on April 1 2021, the government’s new highest personal marginal tax rate of 39% will be in effect. This rate of income tax applies to individuals on income that they earn in excess of $180,000. It is likely that..
Read ArticleThank you for the incredibly detailed assessment of the improvement discrepancies, all the considerations and the suggested course of action. You've made everything understandable and clear.
In all a good result, thank you very much for all your involvement Maggie, you've been wonderful to work with and certainly made my first home buying rodeo a lot smoother than it might otherwise have been!
Thanks again, I wouldn't be making such informed decisions without you!
- Ben Tong, November 2020
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
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