Main Home Exemptions
Hi again
Exemption for your main home under the bright line tax is full of fish hooks .
One example is:
Often clients assume because they are “now living in it” their home (previously rented) is exempt.
When using Trusts the main home exemption rules can be blurred. It is very important you check with your Tax Advisor so that settlement on sale or purchase happens correctly. Done incorrectly there are significant taxation liabilities.
If you would like some independent advice or need an Accountant please call us.
Phone: 095280069
www.Westons.co.nz...
Poll: How do you feel about dogs being allowed indoors in cafes?
For most of us, seeing a friendly doggo while out and about instantly brings a smile to our faces. But how do you feel about cafes welcoming pups inside?
Cast a vote and share your thoughts below.
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27.8% I love it!
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31.8% Only in designated areas
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40.4% No, it should be outdoors only.
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Support Pots for Tots with Resene!
Get painting and help Kiwi kids. Buy any Resene 60 mL testpot colour starting with the letter P, O or T and Resene will donate $1 to Plunket NZ.
Visit your local Resene ColorShop to find all the colour you need to bring out the best in your home.
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