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🔊 Important Update from the IRD on Bright-line Property Rules 🔊
Starting 1 July 2024, significant changes are coming to the bright-line property rule. Here's what you need to know:
🗓️ Key Date to Remember:
✔ From 1 July 2024, the bright-line property rule applies only if … View more🔊 Important Update from the IRD on Bright-line Property Rules 🔊
Starting 1 July 2024, significant changes are coming to the bright-line property rule. Here's what you need to know:
🗓️ Key Date to Remember:
✔ From 1 July 2024, the bright-line property rule applies only if you sell a property within 2 years of purchasing it.
📅 Selling Before 1 July 2024:
The current bright-line periods still apply:
➖ Properties bought between 29 March 2018 and 26 March 2021: Bright-line period is 5 years.
➖ Properties bought on or after 27 March 2021: Bright-line period is 5 years for qualifying new builds and 10 years for other residential properties.
🏡 Selling Your Main Home:
The bright-line property rule generally does not apply if you sell your main home. This remains unchanged, but the criteria are specific:
➖ More than 50% of the property's area must be used as your main home.
➖ The property must be used as your main home for more than 50% of the time you owned it.
➖ If you build on the land, the construction period does not count towards determining your usage for the main home exclusion.
🔄 New Rollover Relief Rules for Associated Persons:
✔ The rollover relief rules are extended to cover transactions between associated persons:
✔ Includes associated companies, relatives (within 2 degrees of relationship), trusts and their beneficiaries, partners and partnerships, and look-through companies and their owners.
✔ Both the transferor and transferee must be associated for 2 years before the transfer.
✔ Rollover relief can be claimed once in any 2-year period.
For specific accounting or taxation advice, please contact your accountant.
#adviceHQ #brightline #nzpropertyinvestor
Denham Bramwell’s new Albany office provides legal services to the fast-growing Business North Harbour community and local residents.
We offer specialist services in property law, family law, estates, wills & trusts, dispute resolution, litigation, and commercial and business law.
Are … View moreDenham Bramwell’s new Albany office provides legal services to the fast-growing Business North Harbour community and local residents.
We offer specialist services in property law, family law, estates, wills & trusts, dispute resolution, litigation, and commercial and business law.
Are you looking for expert legal advice, and the best possible legal outcomes? If you want to work with lawyers with deep respect and genuine care for their clients, we might be a good fit for you.
Call 09 9856900 to schedule an appointment or visit us to discover more.
Brooke Glasgow and Emma Boad
Denham Bramwell, Albany Office Partners.
OUTSTANDING, AFFORDABLE PROFESSIONAL DEVELOPMENT TRAINING FOR THE NFP COMMUNITY, WITH ANCAD's LiiFT AOTEAROA.
FREE in-person workshop:
The Gift of Matariki - to bring change and growth in our NFP organisations.
Wednesday 26 June, 9.30am to 12.30pm.
Venue: pest Free Kaipatiki, 3 Ross … View moreOUTSTANDING, AFFORDABLE PROFESSIONAL DEVELOPMENT TRAINING FOR THE NFP COMMUNITY, WITH ANCAD's LiiFT AOTEAROA.
FREE in-person workshop:
The Gift of Matariki - to bring change and growth in our NFP organisations.
Wednesday 26 June, 9.30am to 12.30pm.
Venue: pest Free Kaipatiki, 3 Ross Avenue, Glenfield.
Presenters: Shaz Hathaway, Connie Wright
For more information email simon@ancad.org.nz
Don't let the recession slow you down, get moving with video content produced in auckland by Jones Road Productions
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We've pulled four names this week of members across the country. The winners of the $100 Prezzy® cards are:
Sheena Bond from Napier
Ralph Dixon from Rotorua
Katie Johnston from Invercargill
… View moreWe've pulled four names this week of members across the country. The winners of the $100 Prezzy® cards are:
Sheena Bond from Napier
Ralph Dixon from Rotorua
Katie Johnston from Invercargill
Samantha Sanderson from Beckenham
Winners can get in touch here or by emailing helpdesk@neighbourly.co.nz before 18th June.
Simply visit your local Resene owned ColorShop, choose your favourite green testpots and for each one you buy Resene will donate $1 to the New Zealand Trees That Count programme.
Offer applies to all Resene green 60 mL testpots (excludes metallic and wood stains) purchased by retail customers … View moreSimply visit your local Resene owned ColorShop, choose your favourite green testpots and for each one you buy Resene will donate $1 to the New Zealand Trees That Count programme.
Offer applies to all Resene green 60 mL testpots (excludes metallic and wood stains) purchased by retail customers between 1-30 June 2024 at Resene owned ColorShops.
Trees That Count are an environmental charity on a mission to plant millions more native trees throughout New Zealand. Trees That Count runs the country’s only marketplace which provides a place for anyone to fund or gift native trees. This support is matched with planters throughout the country who are restoring, and growing, precious wildlife corridors or pockets of native forest, turning small projects into mighty ones.
To find your nearest Resene ColorShop, click here.
For more information on Trees That Count, visit us.
We think there are unspoken rules for bin day, but are we adhering to the same ones?
Do you think twice about dragging your bin to the pavement in the early hours? Do you mind if neighbours put excess rubbish in your bin? Share your bin day etiquette and let's compare notes!
Type … View moreWe think there are unspoken rules for bin day, but are we adhering to the same ones?
Do you think twice about dragging your bin to the pavement in the early hours? Do you mind if neighbours put excess rubbish in your bin? Share your bin day etiquette and let's compare notes!
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
About 6m of this 50mm hose surplus to requirements cost $30 per metre along with the connector, pick up central Takapuna
We’re looking for volunteers from all backgrounds to bring their culture, experiences, and kindness to those who need it most. As a volunteer, you can offer more than just support; you provide a listening ear and a path forward during a victim’s darkest moments.
No victim of crime, suicide … View moreWe’re looking for volunteers from all backgrounds to bring their culture, experiences, and kindness to those who need it most. As a volunteer, you can offer more than just support; you provide a listening ear and a path forward during a victim’s darkest moments.
No victim of crime, suicide or traumatic events should have to cope alone.
Join us at Manaaki Tāngata | Victim Support and find fulfilment in the act of giving back.
With heartfelt thanks,
The Victim Support Team
Big news in our community!
Ryman has been voted New Zealand’s Most Trusted Brand in Aged Care & Retirement Villages for the 10th time! So we want to say Thank You Aotearoa, for your continued trust and support. Together, we’ll continue building vibrant communities where everyone can … View moreBig news in our community!
Ryman has been voted New Zealand’s Most Trusted Brand in Aged Care & Retirement Villages for the 10th time! So we want to say Thank You Aotearoa, for your continued trust and support. Together, we’ll continue building vibrant communities where everyone can thrive.
Here’s to 10 more years of trust and excellence!
Click read more for more information.
GET A NEW ZEALAND LIFE! Expats and repat (my word) Kiwis have been finding me for a while. Now that it's official: people ask why I decided to switch gears. My answer is simple: "because life changes". Schedule a free 20-minute zoom or chat to explore your options. … View moreGET A NEW ZEALAND LIFE! Expats and repat (my word) Kiwis have been finding me for a while. Now that it's official: people ask why I decided to switch gears. My answer is simple: "because life changes". Schedule a free 20-minute zoom or chat to explore your options. www.nicheadvice.co.nz...
Respite care is a great short break option for a family member or loved one that also helps give carers some time out to recharge the batteries. There are a range of circumstances which might require respite overnight or support for day care.
It could be needed after a hospital stay or just as a… View moreRespite care is a great short break option for a family member or loved one that also helps give carers some time out to recharge the batteries. There are a range of circumstances which might require respite overnight or support for day care.
It could be needed after a hospital stay or just as a little extra support for caregivers. Respite care ranges from a few days and even up to a few weeks. A loved one, who lives in their own home, will have their short respite stay in one of our village centres.
Click read more for the full article.
These members have been drawn as our winners of the $150 Farmers vouchers:
Melissa Mary from Motueka
Devangi Patel from Blockhouse Bay
Olive White from Ilam
… View moreThese members have been drawn as our winners of the $150 Farmers vouchers:
Melissa Mary from Motueka
Devangi Patel from Blockhouse Bay
Olive White from Ilam
Simon Cullen from Paraparaumu
Not a winner? Good luck next time!
Winners can get in touch here or by emailing helpdesk@neighbourly.co.nz before 11th June.
Allow natural movement for your feet, and have the all-day comfort you deserve. ❤
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