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 Tag: Tax

28 September 2021

Interest Deductibility and New Builds - does the Draft Legislation Stack Up?

On 28 September 2021, the Government released their draft legislation for amendments to interest deductibility legislation and how new builds will be treated for bright-line tax purposes.

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25 August 2021

Tax implications of Government Support Payments during COVID-19

Following the discovery of a community case of the Delta variant of COVID-19, at 11. 59pm on 17 August 2021, New Zealand was placed into Alert Level 4 Lockdown.

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11 June 2021

Limited guidance on Interest limitation rules

On 10 June the Government released their discussion document “Design of the interest limitation rule and additional bright-line rules”. The discussion document provides details on the proposed interest limitation and bright-line rules, following the 23 March 2021 announcements.

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16 April 2021

New Requirements for Purchase Price Allocation from 1 July 2021

If you are planning to buy or sell a business this year, you need to be aware of the new purchase price allocation rules which come into effect on 1 July 2021.

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24 March 2021

The Bright-Line Test and Main Home Exemption – What You Need To Know

On 23 March, the Government passed their amendments to the residential-property bright-line test under urgency, and without consultation via a Supplementary Order Paper (SOP).

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23 March 2021

Property Investors Hit Hard by Tax Reforms

The Government has announced huge tax reforms. These tax reforms are attempting to grapple with the housing crisis, and tip the balance of power in the market towards first home buyers and long-term investors.

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