The Beginner’s Guide To The Property Bright-line Test

Parliament has recently passed legislation requiring greater disclosure for New Zealand property transactions. Refer to our article “‘New Property Rules Took Effect on 1 October 2015: What Should Buyers and Sellers Be Aware of Now?” for more information about the new disclosure regime. As well as requiring further disclosure for property transactions, Parliament is proposing…

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The Facts on FACTA

We have recently fielded a number of enquiries about FACTA from clients who have received correspondence from their bank, including, in some cases, a detailed FACTA questionnaire to complete. So what is FACTA? FACTA stands for The Foreign Account Tax Compliance Act, which is legislation passed by the United States that aims to reduce tax…

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Mileage Rate Changes

A mileage rate of 74 cents has been announced for the 2015 income year, which is down from the 77 cent rate applied to the 2014 income year. Although the Inland Revenue is not suggesting that taxpayers make adjustments if they have applied the previous 77 cent 2014 mileage rate in the 2015 income year,…

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