Tax Updates

Fresh from the Tax Cave, we share 12 areas worth having on your radar as we head towards March 31st, the end of the tax year. These point to where choices exist, and where a bit of foresight can make a real difference.

The August Tax Bill delivered practical updates: a new RAM method for FIF interests, relief for Employee Share Schemes, tax-free solar income, digital nomad rules, simpler trust compliance, and new Financial Arrangement thresholds.

And there we have it – Budget 2025 is out in the wild. It’s always a moment for tax types, because while the budget focuses on spending, it’s tax that decides how much there is, so tweaks are often part of announcements.

Fresh from the Tax Cave, Alex has some key points for you to consider before 31 March (the end of the 2025 tax year).

A GST change taking effect on 1 April 2024 will impact the majority of short-stay accommodation hosts. From this date, booking platforms like Airbnb will be required to collect GST on behalf of hosts, whether they are registered for GST or not.

There are many residents of Wānaka and Queenstown who are working for a remote employer but may not be paying their taxes in the right country.  Let us explain why it pays to get this right.

The Bright-line Test taxes a gain on residential land when it is bought and sold within a five or ten-year period. This is unless the owner lives on the land and is eligible for the Main Home Exclusion...

Airbnb rentals or ‘short-stay accommodation’ has become a familiar part of our landscape. Some hosts rely on income to fund their own holidays, while others have turned it into a full-time business...