Anecdotally, during the Christmas and summer holiday time of year there seems to be an increase in relationships ending. Whether it’s the stress of Christmas and the financial pressure that goes with that, or the fact people are on holiday and spending a lot of time in close quarters, it’s a time where some couplesContinue reading “Relationship Property”
Tag Archives: @chasgunaratne
National’s Tax Plan Highlights
On 30th August 2023 National announced its tax plan ahead of the upcoming election labelled “Back Pocket Boost – Tax Relief for the Squeezed Middle”. As in the name, the focus is on middle New Zealanders, aiming at putting cash back in their pockets. The plan is to provide $14.6b income tax relief over theContinue reading “National’s Tax Plan Highlights”
Tax and Trusts
Whether you are a businessperson signing contracts and leases in the ordinary course of business, a property investor signing finance agreements with banks, a property trader, or a developer, you will no doubt want to pay as little tax as legally required and protect the assets you’ve worked so hard to attain. So how doContinue reading “Tax and Trusts”
Tax Changes Update
The Government’s release of draft legislation this week was disappointing on a number of fronts. First, what was expected to be complex legislation has been successfully made nearly indecipherable. Second, it is of course disappointing that they are pressing ahead with the rules being effective from 1 October despite only this draft version being availableContinue reading “Tax Changes Update”
Fixing Our Housing Problem
The government need to treat investors and developers as the solution, not the problem. Supply is the long-term solution – and it comes from developers and investors. You need both. The investors buy the assets from the developers. If the government continue to make it too hard and annoy property owners (the “landed gentry”) withContinue reading “Fixing Our Housing Problem”
What can I claim as a tax deductible when I am in business?
Apart from a few special rules, any cost necessary to run your business will probably be tax deductible. However, there are a few things to be aware of – some items that you might assume could be claimed can’t be, and conversely, there may be others you didn’t realise are legitimate expenses. General If youContinue reading “What can I claim as a tax deductible when I am in business?”
Interest Deductibility — NZ Government — Update
On 10 June 2021, the Labour Government opened up a five-week consultation period on the new interest deductibility rules. They have released a Design of the interest limitation rule and additional bright-line rules discussion document which is lengthy and quite detailed, and reveals some interesting thinking, some of which I think is surprisingly taxpayer friendly. On first lookContinue reading “Interest Deductibility — NZ Government — Update”
New Tax Changes
I’m seething about these tax changes and it’s not just the fact that Labour lied to us; it’s the whole bigger picture and the implications for ordinary New Zealanders. This Government is attacking middle New Zealand with all these housing initiatives and tax reforms – it’s mums and dads being hit, not property oligarchs. AccordingContinue reading “New Tax Changes”
New Zealand’s Housing Markets
Strong demand for housing, extreme shortage of listings, strong interest from overseas buyers inc. expats, some buying sight unseen. Strong sales in the high-end bracket $3 to $6m. Swamped with buyer enquiry. Everyone seems to be clambering to get a slice of the action. Bare land, sections, new builds existing houses. All attracting huge buyerContinue reading “New Zealand’s Housing Markets”
Growth Supporting Factors
Interest rates We have probably seen the lows this “cycle” for wholesale borrowing costs a month or so ago. Rises from here are more likely than declines, but those rises will be capped by central banks around the world adopting a deliberate risk preference. A number of central banks have stated that they prefer toContinue reading “Growth Supporting Factors”
Chas Gunaratne 