News

Budget Released – What Impact Will This Have on Residential Property Investments?

By Liam O'Boyle

The budget yesterday didn’t contain any major surprises in relation to Residential Investment Property than what was indicated prior to it’s release.

Depreciation on the building will no longer be allowed but is still available on carpets,stoves, fridges, curtains, blinds, water heaters, hot water cylinders plus stand alone cupboards and wardrobes.

Accurate chattel valuations at the time of purchase will be very important.

Offset of losses against other taxable income is still allowable but the use of these losses to inflate working for families eligibility and payments will be prevented.

Residential Property Investment will remain an attractive long term option.

Up to Date

Latest News

  • How to Host the Perfect Kiwi Barbecue

    In New Zealand, summer heralds the start of the great Kiwi barbie (BBQ) season. It’s a time for casual outdoor dining with family and friends and it brings a sense of nostalgia to most Kiwis that have grown up with the tradition. Whether it’s at home in the backyard, at … Read more

    Read Full Post

  • Moving House? Read Our Top Tips For Smooth Moves

    If you’ve ever moved to a new house, and chances are very good that you have, you’ll know that it can be a stressful time. Here, we give you some tips to help ease that stress and allow you to move into your new home knowing that you’ve done everything … Read more

    Read Full Post