The Inland Revenue Department (IRD) says leaky buildings will generally not be eligible for depreciation deductions in line with rules for other buildings with a useful life of 50-plus years. 27-05-2010 more >>
The first nationwide survey on the Budget of 2,097 people, commissioned by the New Zealand Business Council for Sustainable Development, found that denying depreciation on rental properties and commercial buildings is supported by 46% and opposed by about a fifth of people. 24-05-2010 more >>
Property investors will not want to use LAQC’s going forward and they will use other structures instead according to Deloitte tax partner Mike Shaw, who is a member of the Tax Working Group. 21-05-2010 more >>
Residential property investors will get another chance to claim depreciation on fit-out and maintenance costs with Inland Revenue reviewing these costs after the government followed through with its threat to remove property owners’ ability to claw back depreciation on buildings. 21-05-2010 more >>
Changes to the tax treatment of investment property increase fairness and help rebalance the economy towards productive investment, Finance Minister Bill English and Revenue Minister Peter Dunne say. 20-05-2010 more >>
Property investors will face greater scrutiny from the tax department after the government confirmed it will wipe depreciation write-offs for buildings. 20-05-2010 more >>
The Government is closing the loophole on loss attributing qualifying companies (LAQCs), a favoured property investment vehicle, by aligning the tax rates between the structures' deductions and profits. 20-05-2010 more >>
As the Budget looms, landlords and a university researcher claim that a key figure which has been used in the argument about rental investment is wrong. 19-05-2010 more >>
Investors are showing less enthusiasm for rental property but attitudes to other classes of investment are rebounding, a quarterly ASB survey shows. 19-05-2010 more >>
New Zealand investor confidence in rental property has cooled in the past three months, and the popularity of other investment classes is gaining momentum, according to the latest ASB Investor Confidence Report. 18-05-2010 more >>
Changes to the structure of the tax system are the most highly anticipated part of the Budget to be delivered on Thursday as the government looks to reduce distortions which have been affecting work and investment decisions. 18-05-2010 more >>
Otago property investors are hesitant to participate in a voluntary scheme to star rank properties. The Student Tenancy Accommodation Rating Scheme (STARS) is a collaboration between the Dunedin City Council, the University of Otago and the Otago Polytechnic. 17-05-2010 more >>
The government has taken a "giant step in the right direction" when it announced today it would increase the amount it is prepared to contribute towards repair costs for leaky home owners. 17-05-2010 more >>
Residential real estate sales fell 15% in April as the housing market remains subdued with the government's upcoming budget expected to bring in tax changes for property investors, according to the latest Real Estate Institute of New Zealand (REINZ) data. 14-05-2010 more >>
Two banks have had a rap on the knuckles and repaid $0.8 million in overcharged break fees on fixed-term loans following complaints after the sharp drop in interest rates in late 2008 and early 2009. 12-05-2010 more >>
Labour says the government has watered down a bill which regulates residential tenancies and is wanting some changes before it is passed by Parliament. 12-05-2010 more >>
Home owners hoping for compensation from their bank after being stung with high mortgage break fees may be out of luck after an investigation by the competition watchdog found most banks were charging reasonable fees. 12-05-2010 more >>
