Rental properties: New laws now in effect

New healthy homes standards became law on 1 July. Check what’s required and what you need to do next. What you need to know What: New minimum standards for rental properties to improve heating, insulation, ventilation and drainage, reduce moisture and stop draughts. Check out our recent newsletter article for an overview of the specific requirements. New healthy homes standards for rental properties When: ...

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Claiming vehicle expenses

If you have a vehicle that is only used for business, you can claim the full running costs as a business expense. If you use your vehicle for both business and personal trips you will need to work out how to allocate costs correctly. There are two ways to do this – keeping a logbook or adding up the actual costs. If ...

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Using your home for your business

If you’re a business owner and use part of your family home for work, you can make a claim for this as a business expense. You can claim a portion of your household expenses, such as rates, insurance, power and mortgage interest. The portion you can claim relates to the area of your home that you use for business. Apportioning your household ...

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New GST rules for low-value imported goods

From 1 December 2019 overseas businesses selling low-value goods to consumers in New Zealand must charge GST at the point of sale if they meet the GST registration requirements, including a NZ$60,000 turnover threshold. Low-value goods are physical goods valued at NZ$1,000 or less (excluding GST), such as books, clothing, cosmetics, shoes, sporting equipment and electronic items. Goods sold for more ...

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