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 tagged Tax Changes
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.
Under interest deductibility rules and extension of the bright-line test, the government has released a document which defines a New Build and which properties will be exempted from the proposed new interest limitation rules and subject to a five-year bright-line test (rather than a ten-year test)
In March 2021 the government announced its intention to limit the deductibility of interest on residential investment property.
This month, the government released a detailed document to the decisions they made regarding those tax changes.
