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Calculating expenses for mixed-use residential properties 

Calculating expenses for mixed-use residential properties 

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In residential property investment, a mixed-use asset refers to a property that serves both private and income-earning purposes, and is unused for 62 days or more during the tax year. This means the property is used personally by the owner […]

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Removal of commercial building depreciation from 1 April 2024

Removal of commercial building depreciation from 1 April 2024

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Starting from the 2024-25 financial year, the tax depreciation rate for commercial and industrial buildings will revert to 0%. However tax deductions for depreciation on commercial fit-outs will still be applicable.   Since 2010, there have been changes to the […]

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Airbnb investment: purchasing property personally vs. through an entity

Airbnb investment: purchasing property personally vs. through an entity

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Purchasing a property for short-term lets is a big financial decision. You need to consider the price,  location, maintenance requirements, and the list goes on. Often a secondary consideration, the ownership structure of your property is also vitally important. Whether […]

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New trust tax rate: mitigating over-taxation

New trust tax rate: mitigating over-taxation

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As part of the Taxation (Annual Rates for 2023 – 24 Multinational Tax and Remedial Matters) Bill, the trust tax rate will increase from 33% to 39% from 1 April 2024.   The new tax rate may be cause for concern […]

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Improving landscape for residential property investors: interest deductibility & bright-line rule changes

Improving landscape for residential property investors: interest deductibility & bright-line rule changes

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In recent times residential property investors have felt the weight of evolving tax policies and higher interest rates. However, with changes to interest deductibility and the bright-line rules in the coming financial year, there is appears to be a more […]

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“App tax” coming 1 April 2024: GST on all Airbnb and digital platform services

“App tax” coming 1 April 2024: GST on all Airbnb and digital platform services

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The new National coalition government has decided to keep the “app tax” initiated by the previous Labour government in 2023. During election campaigning National had promised to reverse the change that would have seen GST imposed on accommodation and transportation […]

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Cross-border and remote workers tax changes

Cross-border and remote workers tax changes

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The way people work has transformed due to the Covid-19 pandemic, leading to an increase in remote work, including cross-border arrangements. This shift benefits employers by expanding the talent pool and employees by offering a better work-life balance, eliminating long […]

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Tax considerations for short-term vs long-term residential rental income

Tax considerations for short-term vs long-term residential rental income

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Owning a residential rental property can be a lucrative investment, providing a steady stream of income for property owners as well as long term capital growth. However, when it comes to tax considerations, the type of rental income—short-term or long-term—can […]

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Budgeting and cash flow forecasting: key to your business success

Budgeting and cash flow forecasting: key to your business success

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If enhancing your business strategies is on your list of New Year’s resolutions, now is a good time to revitalise your approach and set the stage for success in the upcoming year. In the unpredictable world of business, finding a […]

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