Bright-line test: could you be liable for tax on your family home?
New Zealand doesn’t have capital gains tax, but if you’ve owned your home less than five years and you bought…
Read more
Budget 2023: Tax rate for trusts to increase to 39%
Included in this year’s budget announcements was a change to the tax rate for trusts, moving from 33% to 39%…
GST changes afoot for Airbnb and platform economy suppliers
The gig economy, or platform economy, in New Zealand is set to get a tax shake up. The government is…
GST record keeping rules changing
As of 1 April 2023 GST record keeping will be a little simpler and more flexible. Instead of the requirement…
Changes to Trust reporting now in effect
Back in 2020 we mentioned that a major reform of the Trust Act was coming. Those changes are now in…
The Trusts Act: a reminder about your obligations
A while ago we wrote about the new Trusts Act 2019 that came into effect on 30 January 2021. You…