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Ringfenced rental losses On 5th December 2018, legislation was introducedinto parliament that will “ring fence” losses from residential rental. properties.This change is likely to have a significant effect for some of our clients, andwe wanted to give you a heads-up. For tax purposes, losses will no longer be able to be offset against other income …

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When you buy or sell a property, you will need to make some decisions about GST. Firstly, on the front page of the sale and purchase agreement, there is a place to indicate whether the price is “plus GST (if any)” or “includes GST (if any)”. Later, before settlement, your lawyer will probably ask you …

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From 1st April 2018, Inland Revenue will introduce the Accounting Income Method (AIM) for calculating provisional tax. Existing provisional tax system Provisional tax is a sort of “pay as you earn” system for people whose income is not taxed at source. Anybody whose net tax is greater than $2,500 for the year, must pay provisional …

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April 2017 is almost upon us, and for most of our clients this marks the beginning of a new financial year. Annual Questionnaires In the next couple of weeks, we will be sending out our annual questionnaire emails. These provide a link for you to log in and fill out our online annual questionnaire.  We …

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