Property investors come in all shapes and sizes, from large scale professional operations and developers to so-called ‘Mum and Dad’ investors who wanted to save for their retirement with something they could feel was literally safe as houses. There have been a lot of...
Do you rent out a bach on Airbnb? Do some driving on Uber? If so, there are some tax changes you need to know about. From 1 January 2024, platforms such as Uber and Airbnb will collect information from their users including sales income and IRD numbers, and are...
As of 10 March, the coalition government has confirmed the return of interest deductibility for property investors, with the phased-in changes taking effect from the next financial year. As a result, legislation is expected to be passed allowing you to deduct 80% of...
The latest inflation data gave the Reserve Bank (RBNZ) and economists a bit of a shock. At 7.2%, it was much higher than anyone had forecast, and it means the RBNZ is likely to be more aggressive with its official cash rate rises. A higher official cash (OCR) rate...
The Government recently announced a new tax incentive targeted at build-to-rent developers – and ‘mum and dad’ property investors aren’t happy. The new bill gives these developers an exemption from the tax deductibility limitations that are placed on most private...
New Zealand’s housing market decline has started to show in the numbers, with average values down across most of the country for three months in a row. Westpac economists have predicted house prices will fall 10% in 2022, and another 5% in 2023, for a 15% drop in...
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