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Rental properties

TAX IS PAYABLE ON RENTAL INCOME . . . MOSTLY

TAX IS PAYABLE ON RENTAL INCOME . . . MOSTLY thumbnail

If you receive income, you must pay tax. So if you have rental income, you have to pay tax on it, right? Maybe, maybe not – if you get rent from boarders or homestays.   Boarders and homestays When you get income from boarders or homestays, your tax position depends on how many boarders you […] Read More

Are you a landlord?

Are you a landlord? thumbnail

Do you own rental properties? On 1 October 2016 changes to the Residential Tenancies Regulations came into force to reflect new standards on insulation. Standards New Zealand’s ‘Energy efficiency – Installing bulk thermal insulation in residential buildings’ provide extended guidelines for insulation installers and building owners. This follows up on changes which took effect on […] Read More