Deducting holding costs for privately used land

Deducting holding costs for privately used land

Inland Revenue released a consultation document in October 2019 regarding the deductibility of holding costs for private uses. Holding costs are expenses including interest, insurance, repairs and maintenance. The document proposes three options for the treatment of holding costs for periods when land is used privately: Apportion the holding costs between private use and the…

Introducing Better Later Life

Introducing Better Later Life

Better Later Life – He Oranga Kaumātua 2019 to 2034 is the Government’s plan to provide older New Zealanders with a better quality of living. The strategy was launched on 1 November 2019. Designed to ensure everyone gets the chance to live well as they get older and create opportunities for everyone to participate, contribute…