14
Oct

Holiday Homes – Sweeping IRD changes!

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If you own a holiday home and rent it out sporadically to earn a few dollars to cover rates and insurances etc, please read the following article by Withers Tsang – Chartered Accountants.

IRD have radically change the rules for mixed use assets which a rented holiday falls into the category. These changes may affect you.

 Mixed Use Assets РHoliday Homes

 

 

 

01
Jan

Repairs and Maintenance

“Repairs and Maintenance” to the tax depreciation rules

Recently the Government have released an official issues paper entitled “Repairs and Maintenance” to the tax depreciation rules.”

This issues paper contains proposed changes to the depreciation rules as they relate to chattels fitout and buildings owned by residential property investors. Clarity on this issue is long overdue and the issues paper sets out the likely changes to the introduced by the Government later this year. more…