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2016/2017 Tax Saving Tips / News Articles
21 12 2016
Do you own rental properties?
If you gain income from rentals, be aware you need to comply with new rules. On 1 October 2016 changes to the Residential Tenancies Regulations came into force to reflect new standards on insulation. Standards New Zealand’s ‘Energy efficiency – Installing bulk thermal insulation in residential buildings’ provide extended guidelines for insulation installers and building owners.
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21 12 2016
The Ministry of Justice is looking to extend the application of anti-money laundering compliance obligations to more businesses and professions.
21 12 2016
Another area that we notice often confounds clients is how to calculate GST deductions on assets that are partly for business use and partly for private use. You can claim GST but only in proportion to the extent the asset is available for producing income. This is called GST apportionment.
21 12 2016
You will have heard ads on the radio from Inland Revenue raising awareness on their initiatives to change the administration of the tax system.
21 12 2016
Buying off the plan? The bright-line test and you
We’ve talked before about how changes to tax law around buying and selling property might affect you. Now that the changes are in operation and the bright line test is being applied to determine tax liability, an issue highlighted only recently might leave you exposed.