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Investing in property offshore

by Matthew Gilligan 12 Aug 19

In this blog I look at the tax implications of a New Zealander investing in property offshore. While there is much coverage of the implications of investing in property in NZ, there is less commentary on offshore investment.  While many of the same rules apply,..

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Renting out the spare bedroom

by Matthew Gilligan 08 Jul 19

If you have a spare bedroom or two at home, you may think about renting it out in order to generate some additional income.  As you might expect, there are potential tax implications if you do so. The tax implications differ depending on the arrangement..

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Ring-fencing Update

by Matthew Gilligan 06 Jun 19

After several months considering over 250 submissions, the Finance and Expenditure Committee has reported back to Parliament on the loss ring-fencing rules. Reflecting the fact that the original draft was somewhat of a shambles, they have thrown that out and started again from scratch.  Readers..

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Major tax changes webinar recording

by Matthew Gilligan 25 Mar 19

Matthew Gilligan recently ran a webinar with Real Estate Investar on tax changes, including loss ring-fencing, and you can watch the recording here.  During the webinar, Matthew discusses the major NZ tax changes that are in the pipeline, including: The Tax Working Group's report •..

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TWG Final Report

by Matthew Gilligan 02 Mar 19

The Tax Working Group's final report has been issued, and I give a quick assessment of the main points below. However, bear in mind that what the TWG have recommended and what Labour actually implement, are likely to be completely different. Headlines Capital Gains Tax..

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Loss Ring-Fencing Questions

by Matthew Gilligan 27 Jan 19

I wrote about loss ring-fencing in my December article, and it is still a hot topic. With the rules to take effect from 1 April 2019 and the legislation still not finalised, there are a number of questions that remain. I address some of these using..

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Hot off the press - Ring-fencing Bill

by Matthew Gilligan 04 Dec 18

On 5 December 2018, the Government released the first draft of legislation dealing with the proposed ring-fencing of tax losses from rental properties. First impression on reading the Bill is that it is extraordinarily complicated and leaves questions unanswered. Here is a quick summary of..

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Bright-line rule FAQs

by Matthew Gilligan 25 Nov 18

Earlier this year I wrote about some of the dangers posed by the bright-line rule when restructuring. I did this because the bright-line rule is something we grapple with daily at GRA. However, there is a series of questions that come up on a regular..

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My two cents on CGT

by Matthew Gilligan 07 Nov 18

There is no doubt the Tax Working Group’s recently released interim report is the topic du jour. Accordingly, it is only appropriate that I offer my two cents’ worth, particularly in relation to the comments on a possible capital gains tax. The Tax Working Group (TWG) has ruled..

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