September 20, 2022 In Bramwell Bate News By Cherie Hannam

Thinking Outside the Box To Get on the Property Ladder

Bramwell Bate’s new solicitor, Lois McLintock, provides an overview of the current market and options for purchasing your first home. New Zealand has seen an escalation in housing prices in recent years and, unfortunately, this has kept many Kiwis from getting on the property ladder and fulfilling the dream of home ownership. However, the QV House Price Index recently reported that average house prices had decreased and in Hastings that meant a decrease of 3.3% and in Napier a considerable 7.2%. A...

September 13, 2022 In Bramwell Bate News By Cherie Hannam

Calling All Businesses Seeking Talent: The New AEWV Accreditation Scheme

The Accredited Employer Work Visa (AEWV) is a positive move for New Zealand’s employment sector and economy overall. To put it simply: Employers can become accredited to hire migrants under the new regime for up to three years, improving opportunity for both business efficacy and migrants seeking employment. However, the new regime does not come without its complexities. Employers are required to comply with a strict process to become accredited. This three-step process is carried out by Immigration New Zealand...

September 8, 2022 In Bramwell Bate News By Cherie Hannam

Attribution vs market salary rules

The introduction of the 39% tax rate for individuals who earn over $180,000 from 1 April 2021 has reignited Inland Revenue’s interest in the income attribution and market salary regimes. These rules currently prevent a person from having income earnt from individual efforts or “personal services” taxed through an associated entity at a lower tax rate. With an 11% difference between the top individual tax rate and the NZ company tax rate, the application of these rules is likely to...