Market commentators are indicating with 80% certainty the Reserve Bank of New Zealand will lower the official cash rate by 25 basis points next month and then it will begin to stabilise. This is leading many rural borrowers to consider if now is the time to be looking at fixing rates. Head of Corporate AgribusinessContinue reading
Showing posts under "Wealth Management"
As part of the Government’s ongoing tax simplification programme, the Minister of Revenue Hon Michael Woodhouse has released a consultation document ‘Making Tax Simpler – Investment income information’. While the release of this document has led to various headlines in the media suggesting IRD is wanting to increase the rate of tax to 45% onContinue reading
Overseas investments such as foreign shares and managed funds held by New Zealand tax residents are generally taxed under the New Zealand foreign investment fund (FIF) rules. The FIF rules are specific to tax and the treatment adopted will not appear in the financial statements. When a taxpayer has investments which are subject to theContinue reading
We receive many enquiries from people either looking to buy a business or looking to sell their business. Many businesses are sold “under the radar” often without them being widely marketed. Sensitivities towards staff and clients and confidentiality need to be managed carefully. Often, from an outsider’s point of view, there is little evidence thatContinue reading
With succession front of mind for New Zealand agriculture, a North Island sheep and beef farmer turned agribusiness advisor is encouraging farm owners to explore all of the options before settling on a succession plan.Sean Bennett, a veteran of 20 years on the land prior to becoming an agribusiness advisor for Crowe Horwath, suggests thatContinue reading
Can farm owners hold onto their asset base and still earn income from it? Succession is currently very ‘front of mind’ in the agricultural industry. Leading commentators see private farm succession as the single biggest challenge to overcome during the next decade. When you consider that the average age of farm owners is bordering onContinue reading