Property Accountants

Labour's recently announced capital gains tax (CGT) policy has been positioned as a fairer way to tax wealth in New Zealand. After internal debate between a wealth tax and CGT, the caucus voted almost unanimously for the latter. Under this policy, from July 2027 investment properties (excluding family homes and farms) will be taxed at 28 percent on any profit ... Continue reading 

With the property market improving and prices starting to rise again, we are seeing increasing numbers of experienced traders in the market. Trading can be a great strategy in an upward market, but it’s easy to overspend or buy the wrong sort of property if you don’t understand the fundamentals involved. In this recent webinar, I had a discussion ... Continue reading 

In March the IRD announced proposed changes to the Foreign Investment Fund (FIF) tax regime, aiming to reduce the perceived deterrent effect the current rules may have on new migrants and returning New Zealanders. This article explains what you need to know. Why are changes being proposed for the FIF tax rules?As background, the FIF rules apply to shareholdings that ... Continue reading 

Purchase price allocation (PPA) has become one of the most important tax considerations in New Zealand commercial property transactions.Since mandatory PPA rules began in 2021, and with commercial building depreciation removed from 1 April 2024, both purchasers and vendors face real financial consequences if they fail to correctly allocate the sale price across land, buildings and depreciable assets.Getting the ... Continue reading 

You might remember the articles we shared in November 2023 and October 2024, discussing the GST changes for all Airbnb properties effective from 1 April 2024. As we’ve been working through clients’ 2025 financial statements, we’ve come across a few unexpected issues that are worth highlighting.When clients start offering their properties for short-term stays and inform platforms like Airbnb whether ... Continue reading 

In today’s business environment, real-time financial visibility is no longer a luxury - it’s essential. Yet many business owners still treat accounting as something to look at once a year, often relying on outdated spreadsheets or systems that weren’t designed for the demands of a modern organisation.If you want to grow sustainably, maintain control, and avoid unnecessary stress, adopting ... Continue reading 

Going out on your own is exciting, but it also comes with some harsh tax realities. Unfortunately, these can be unexpected, especially when you're entering your first year of self-employment. One very helpful piece of tax policy for new small-business owners in New Zealand is the early payment discount. This is essentially a free tax write off / reduction for ... Continue reading 

Professional trustees are involved in all sorts of transactions for their clients. One of these is signing the settlement documents when a trust is buying or selling a property. The sale and purchase agreement for such a transaction will detail the settlement date, i.e. the date the property officially changes ownership from the seller to the buyer. At this time, ... Continue reading 

Those of you who are knowledgeable about the NZ mortgage landscape may have heard in the past about Resimac’s Specialist Investor Product. This offered a great longer-term solution for those who wanted to hold investment properties but couldn’t meet overly cautious bank affordability criteria.While this product left the market a while back, the initial signs are that it may ... Continue reading 

The latest Morningstar KiwiSaver results are out, and if you’re with ANZ, you might want to sit down for this. Turns out the biggest provider isn’t exactly the best performer. Despite holding nearly $22 billion in KiwiSaver funds, ANZ have been consistently underwhelming across multiple fund categories.Here’s how they ranked in the past year:• 18th in Conservative• 21st in Moderate• 32nd in ... Continue reading