The first of October is only days away and (apart from the usual pinch-and-a-punch) things are about to get a whole lot uglier if you buy and sell property regularly. We won’t bore you with the new legislation, which is mind bending and best left to Chartered Accountants, but practically speaking there’s a couple of smart things worth knowing:
Property Alert update
September 15th, 2015 | Posted by in Accountant in Auckland | Annual Accounts | Chartered Accountants Auckland | Financial Statements | Rental properties | Rental Property | Rental property taxation | Trusts - (Comments Off on Property Alert update)New tax exemption for children
July 4th, 2013 | Posted by in Accountant in Auckland | Chartered Accountants Auckland | Taxation | Trusts - (Comments Off on New tax exemption for children)
It was all over the news. The media went slightly crazy at the idea of children having to pay tax but most of them failed to mention the new tax exemption that was introduced for children from 2013 onwards. With some careful planning your child might just be eligible. Simply make sure they meet all of the following requirements:
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