Ring fencing of losses rusty barbed wire fence

Is Your Annual Tax Refund No More? Late at night at the end of June legislation was finally passed limiting a person’s ability to offset losses from residential property investments against a person’s other income – ring fencing of losses (i.e. non-residential rental income). For a large number of mum and dad residential rental property […]

Eagle Landing in reference to capital gains tax in NZ

The Labour Government appointed Tax Working Group (“TWG”), headed up by former Labour Minister of Finance, Hon Sir Michael Cullen, is currently undertaking the fifth major review of the New Zealand tax system in the last 50 years. The TWG has a wide brief, but its key purpose is to provide recommendations to the Government […]