The tax system used to allow property investors to deduct interest expenditure for residential rental property even if gains made on the sale were not taxed, that’s why many property investors put their money into residential properties expecting a large capital gain when they sell.
Tag Archives: property investor accountants
Business Accountants: The Pandemic Response Plan
The impact of the pandemic has pushed many businesses in retail and hospitality to the edge, bringing with it a constant threat of business closure – however, we can say that Wellington businesses are some of the most resilient in New Zealand!
Business Accountants: Fringe Benefit Tax
Many businesses need to assess the non-cash benefits they provide to employees to determine whether Fringe Benefit Tax needs to be accounted for.
Business Accountants: New changes to taxation and payroll
The new financial year comes with new changes to taxation and payroll. Be up to date on these new payroll trends and read on.
Property Accountants: Would you need a project manager?
Wanting to get started in the property development business, but thinking of DIY? Can you manage the development process with only the project planning and scheduling programs you can buy?
Restaurant Accounting: All about the Small Business Cashflow Scheme
Has your business been affected by COVID-19? Do you know about the Small Business Cashflow Scheme? Here’s a quick summary.
Property Accountants: Due Diligence before you buy property
Buying a property will always have a big impact on your financial future and it’s important that you make sure you gather all the information you need and perform due diligence before you buy.
Property Accountants: Tips to a profitable renovation
Gaining wealth through property flipping can be very appealing but while the buy – renovate – sell game sounds simple, there’s a strategy involved in transforming a dwelling into a spectacular one for a profit.
Property Accountants: Property Development Guide Part 4
So, after the pre-purchase stage, contract negotiation and purchase, town planning, development approval, and all that jazz – it’s time to finalise your build plans with your engineer, architect, and accountant.
Property Accountants: Property Development Guide Part 3
What’s sets property developers apart from those still dreaming of becoming one, is their passion, commitment, and willingness to get the work done!