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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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Tax treatment for leaky building remediation

Written by Greg Millar on November 13th, 2017.      0 comments

tap-221NZ IRD highlight the steps to work out the type of repair and maintenance costs of the leaky building (as a rental property) and whether you can claim them as a deduction. 
 

NZ Residential Land Withholding Tax

Written by Greg Millar on August 5th, 2016.      0 comments

loan-730We take a look at the IRD documentation requirements and how the rules may apply in unexpected situations as a result of the definition of “offshore RLWT” person".

 

Bright line test

Written by Anthony McIlroy on October 21st, 2015.      0 comments

light bulb-66-166There have been numerous webinars and newsletters about the new rules for taxing residential property sold within two years of acquisition, but there are some particular things to note. We sort the wheat from the chaff.
 

Auckland housing market sales hit 15-year high

Written by Anthony McIlroy on October 6th, 2015.      0 comments

sold-752Auckland house sales jumped to an August record as a flood of new listings hit the market while average prices fell in the month, according to Barfoot & Thompson.

August can be a slow month for sales, but this year it was the third busiest sales month for 16 months. Prices will most likely increase modestly in coming months from where they are at present.

#helpingyoutradebetter

 

50-year high for New Zealand construction boom

Written by Anthony McIlroy on September 21st, 2015.      0 comments

build-472Statistics New Zealand reported more than $4 billion worth of activity was put in place in the three-month period - the most since records began.

Whilst it’s exciting times for construction and the trades servicing the sector, have you thought about how to future proof your business and take advantage of the upswing?

#helpingyoutradebetter
 

New rules relating to property from 1 Oct 2015

Written by Greg Millar on September 4th, 2015.      0 comments

house hands-626The main feature of this Bill is the proposed new objective bright-line test for land sales which will impose income tax on any gains from residential property acquired and disposed of within two years.  An exception is provided where the disposal is of a person’s “main home” as defined.  The bill essentially follows the proposal in the issues paper with some refinement based on submissions.
 

Investing your money

Written by David Burt - Investment Specialist on June 12th, 2015.      0 comments

interest rates-469-101Finally the NZ Reserve Bank is lowering interest rates, just as it seems the US is about to start raising rates.  How does this affect a Kiwi investor?
 

Property tax hits speculators

Written by Greg Millar on May 18th, 2015.      0 comments

loan-730In case you haven’t heard this is a summary of the government’s announcement on the crackdown of property speculators. We look at some frequently asked questions and the rules for residents vs non-residents.

 

Investing your money: Surf where the waves are big?

Written by David Burt - Investment Specialist on July 8th, 2014.      0 comments

Clients often ask me where in the world they should invest and the saying “Surf where the waves are big” sometimes springs to mind. If you want a big reward, you need to be where the action is.

So where is the investment action right now?  Where should you start to look?