Once you have decided to start your own business, whether as a sole trader, partnership, or limited company, the first thing you will need to do is create a business plan. Business Planning – Overview Your business plan will essentially be your business bible – it will act as your instruction manual, advice guide and…
Chattels Assessments: We can help Christchurch property investors maximise their depreciation claim for tax purposes by providing a customised chattels valuation, better defined as a depreciation schedule or apportionment. What do the Budget 2010 changes to property depreciation tax mean? In summary, come 1 April 2011 property investors will: lose the capacity to claim depreciation on buildings maintain the right to claim…
The government has just introduced their long signalled changes to rental property tax into Parliament. They propose introducing loss ring-fencing on residential rental properties, just in time for Christmas! The proposed bill can be best be described as complex, but we have tried to give a flavour of the proposed changes below. What Changes are…
