WebinarAccounting and Tax

Property Tax Changes – Impacts to short term rentals & trusts

Daniel Gibbons Daniel Gibbons
1 May 2023
1 min read

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

  • Trust resettlements

  • Impact on Brightline rules and interest deductions

  • Co-owners and subdivision of land

Daniel Gibbons
Author: Daniel Gibbons | Partner