Please note all of our news and articles are for general information purposes only and do not constitute legal advice. For advice tailored to your circumstances please contact your Saunders & Co lawyer. As well as providing regular news updates on the feed adjacent, we also provide a personalised news email service. Contact us if you wish to be added to the mailing list.

 Tag: Property Tax

28 September 2021

Interest Deductibility and New Builds - does the Draft Legislation Stack Up?

On 28 September 2021, the Government released their draft legislation for amendments to interest deductibility legislation and how new builds will be treated for bright-line tax purposes.

Read More

11 June 2021

Limited guidance on Interest limitation rules

On 10 June the Government released their discussion document “Design of the interest limitation rule and additional bright-line rules”. The discussion document provides details on the proposed interest limitation and bright-line rules, following the 23 March 2021 announcements.

Read More

12 May 2021

The Family Home Can Still Attract Bright-line Tax

“Our target is not the family home. ” Whilst that might be true, it is not entirely the result achieved.   If you’re selling your main home, you don’t have to pay tax on the sale.

Read More

24 March 2021

The Bright-Line Test and Main Home Exemption – What You Need To Know

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).

Read More

23 March 2021

Property Investors Hit Hard by Tax Reforms

The Government has announced huge tax reforms. These tax reforms are attempting to grapple with the housing crisis, and tip the balance of power in the market towards first home buyers and long-term investors.

Read More

4 September 2020

Tax Deductibility and Healthy Homes standards

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...

Read More