Accounting and Tax

Property Tax Webinar: Updated Legislation

Ryan Watt
1 April 2022
1 min read

1 April 2022

Following public submissions, updated legislation in New Zealand will bring into force the changes to the bright-line rules and the removal of interest deductions for certain residential property has been released.

Watch our expert panel as they discuss the practical implications of:

  • What has changed following the consultation process.

  • What properties will be affected by the loss of interest deduction and from when.

  • What is now considered a “new build”.

  • What transactions are eligible for relief from the bright-line rule.

  • Key dates and considerations with the rules.

Author: Ryan Watt | Partner

Ryan is committed to helping clients make wise decisions about their business and taxation needs. He is driven to provide tailored and timely advice that cuts through the complexity and provides a commercial and practical outcome. Before joining Findex, Ryan was in the transaction services team of a leading Big 4 firm, advising clients on the tax implications of large transactions. Ryan’s clients range from individuals and trusts to privately owned New Zealand companies and multi-national groups, to whom he provides a broad spectrum general tax matters, property tax, international tax, M&A/transaction services and trans-Tasman tax.