Bramwell Bate is open for business during Covid-19 Alert Level 2.

Our office is now open and operating under Government guidelines to ensure we keep both you and our team safe.
To limit the number of clients at our office at any given time, we are carefully scheduling client meetings.
We have QR Code and contact tracing at the office entrance, along with hand sanitiser and disposable face masks.
We look forward to seeing you again soon.

 

Changes to Tax Deductibility on Interest Expenses

In late March earlier this year, the Labour Government announced a number of changes regarding the New Zealand housing policy in an attempt to make the housing market more affordable, particularly for first home buyers. This article specifically discusses interest expense deductions on residential properties and how these will change. Currently, when owners of residential investment properties (not their main homes) complete their annual tax returns, they can deduct any interest paid on loans from their taxable income as an expense....

Removal of incapacitated trustees under the new Trusts Act 2019

The new Trusts Act 2019 has had a far-reaching impact on all aspects of trust law. One of its very sensible and practical amendments is to assist in streamlining the process when a trustee under a trust becomes incapacitated. The outcome is that, where a trustee has lost mental capacity and is deemed medically unable to carry out the trustee function with its related duties, they may be relieved of those duties. The regular focus on trust administration will mean that trustees’...

New Zealand/Australia Travel Bubble Requirements

COVID-19 is ravaging the world. New Zealand and Australia have fared well in containing and limiting its impact on their populations both personally and economically. However, certain sectors of commerce have been stopped in their tracks. The hospitality industries, with all their supporting services from airlines to vineyard workers, together with all the dots joined in between, have been limited to local support only. The New Zealand and Australian governments have extensive structured quarantine requirements in place, which have been adapted...