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On 23 March, the Government passed their amendments to the residential-property bright-line test under urgency, and without consultation via a Supplementary Order Paper (SOP).
In mid-August, Inland Revenue released Questions we’ve been asked QB20/01 Can owners of existing residential rental properties claim deductions for costs incurred to meet Healthy Homes standards? Owners of residential rental properties are required to meet certain minimum standards which...
New Zealanders love property. Buying and selling property in New Zealand is common. What is less commonly known are the tax implications of these transactions. For many years, people have used property as a way to increase their wealth.