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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.
IRD cracking down on property sales
While New Zealand does not have a comprehensive capital gains tax, we do have a capital gains tax in relation to property known as the bright-line test.
Inland Revenue to Escalate Investigations into Land Sales
While no comprehensive capital gains tax is being considered in New Zealand at present, there is already a full body of tax law relating to land.
You could get caught out by GST when buying a property – even if you are not GST registered
I am frequently asked by clients to assist with the GST implications of a proposed property purchase.
GST on Property Transactions – Compulsory Complexity
GST is easy – it’s 15%, 0%, or wrong. GST is the most common thing that goes wrong in property transactions, due to a widespread lack of understanding by registered parties and professional advisers.