35. Individuals | Controversial tax changes - does residential property still make dollars & sense?
Voice of FindexShow Notes
Findex New Zealand Tax Advisory Partners Daniel Gibbons and Ryan Watt, and Wealth Partner Craig Smith, present our webinar 'Controversial tax changes - does residential property still make dollars and sense?'
They'll discuss the recent controversial tax changes announced by the NZ government that took effect on 27 March 2021. Given the extension to the Bright-line rule to 10 years and the removal of interest deductibility from residential rental income, many residential property owners are left wondering what their options are.
For more information please visit our websites: Findex NZ - www.findex.co.nz Crowe Australasia - www.crowe.com/au
More from Voice of Findex
After much anticipation, proposed legislation has been released on the controversial property tax changes which were first announced on March 23 2021 in New Zealand.
Following on from March 23 property tax changes in New Zealand, the IRD has recently released their consultation documentation on how the design of the interest deductibility limitation rule might apply and some proposed changes to the bright-line rules.
In this episode, Findex Accounting & Business Advisory Partner, Colin Tasker, will take us through the Emissions Trading Scheme and financial and tax impacts in New Zealand.
The new Trust legislation came into effect in New Zealand in January 2021. This signalled the first major change in Trust Law since 1956. The new act lifts the expectations on trustees. It also puts the emphasis on the role and responsibility to look after the interests of the beneficiaries. With deadlines for action, this is an important update for all trustees.
With June 30 and financial reporting season fast approaching, some careful consideration and planning is required.