Property Accountants NZ Limited is started by a CPA credited Accounting and Advisory firm - Kinghans Limited.
We provide business advice, property advise and all the latest news/updates including tax news related to all properties in NZ. We can assist you at all levels of property advisory and accounting.
All in Taxes
The new ring-fencing rules apply to residential land - mainly residential rental properties. This includes overseas property held by a New Zealand tax resident.
The rules generally apply no matter how the property is held. The rules apply to property owned by you or a partnership, a look-through company, a trust, or a close company.
If you have a tailored tax code and rental income, the new ring-fencing rules may affect you.
GST or Not on Airbnb? Should I be registered?
Can I Claim GST on the purchase of the property? What does it mean that the vendor is or is not GST registered?
Is there Tax on Airbnb?
Should i use a host?
Who can help me dress my property?
Contact us to arrange an appointment to discuss all these points?
Charlotte and Andrew Spenceley do not want to sell the land they bought for a new family home, but a health crisis means they have to, and they will have to pay tax on the capital gains they make because of it.
In these situations, if the homeowner isn’t looking to profit the outcome could seem to be quite harsh.
The bright-line test, which was introduced by the National Government in 2015 but extended by the Labour Government to require properties to be held first for five years and then 10 years, was intended to tax capital gains on investment properties.
