Property taxation is currently a hot area of focus for the Tax Department. If you’re buying, selling or renting property in New Zealand, it’s important to understand how property taxation works and your responsibilities as a business owner.
As many readers now know, a new wave of tax compliance has been imposed on taxpayers who purchase residential properties. Unfortunately, for the unsuspecting few, this could lead to a visit from the Tax Department. So as the dust settles on the new property tax rules what do taxpayers need to be aware of and what is the likely future impact of the changes?
The second article of a two part series that provides a practical account of what is involved when assessing and buying a rental property. Ash Clarke shares his experience and offer some valuable advice for those thinking about buying an investment property.
Successful property investment is not all positive cash flows and seductive capital gains. There can, and should be, a lot of hard work involved. Ash Clarke offers some practical and valuable advice for those thinking about buying an investment property.