GST on imports and loss ring fencing Bill update

The Taxation (Annual Rates 2019-20, GST Offshore Supplier Registration, and Remedial Matters) Bill was reported back to Parliament by the Finance and Expenditure Select Committee last Friday. The Officials Report was also released. The Bill has three key items: GST on low-value imported items loss ring fencing rules for rental properties, and changes to the…

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The Runaway Train

The National Government in its attempt to slow down the runaway train that is the NZ property market, introduced a quasi capital gains tax in 2015, otherwise known as the ‘Brightline Test’.

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