News
APEC finance ministers and business leaders discuss COVID-19 recovery
Finance ministers and business leaders from across the APEC region have connected to discuss the ongoing response to COVID-19. The Informal Ministerial Meeting with Asia-Pacific Economic Cooperation Business Advisory Council (ABAC) business leaders was hosted by the New Zealand Minister of Finance and Deputy Prime Minister Grant Robertson, who is Chair of the APEC Finance Ministers' Process for 2021. “Partnerships between government, ...
Interest deductibility consultation launched
On 23 March, the Government announced that deductions for interest expenses on rental properties will be restricted from 1 October 2021. The Ministers of Finance and Revenue today released a public consultation document seeking feedback on a range of design issues for implementing that proposal, including: Interest on a mortgage on a residential investment property (acquired before 27 March 2021) will ...
Investment property: law changes and tips for maximising returns
Recent tax changes will impact residential property investors. We talk to some experts for tips on how to make the most of your investment properties. What’s changing For properties acquired on or after 27 March 2021: Legislation has passed that extends the bright-line test from five years to 10 years on residential property. The Government intends for the bright-line test to remain at five ...
Impostor syndrome: Feeling like a fraud
Many small business owners struggle with the fear that their success is down to luck rather than hard work or talent. Known as impostor syndrome, it often affects high-achievers who are goal-oriented. If you feel like a fraud, try these tips to overcome your negative inner voice. What is impostor syndrome? Impostor syndrome is a phenomenon rather than a clinical diagnosis. The ...
Residential Rental Profit vs. Cash Flow
Ever wondered why your rental property has made a profit but you seem to have no cash to pay your tax? And, in fact, you seem to be continually topping up your rental bank account to cover the outgoings... The recent changes to residential rental property investment announced by the government in March will increase this effect. Watch the video and ...