Property Tax Changes – Impacts to short term rentals & trusts
01 May 2023
The New Zealand government has introduced new tax legislation to help simplify the GST rules and how they apply to short term rental property. There are also changes that could assist with property transfers into and out of trusts.
The session covers:
Simplification changes on how GST applies to short term rentals on online booking platforms such as Airbnb, Bachcare, Bookabach, etc.
Rollover relief for transactions involving trusts
Impact on Brightline rules and interest deductions
Co-owners and subdivision of land