Kiwis returning home - International Arrivals
June 15, 2021 In Bramwell Bate News By Adam Harris

Return of the Brains Trust

First published in The Profit. Written by Christine Symes. If there is a silver lining when talking about the global COVID-19 pandemic, it has to be the return to our shores of thousands of highly skilled Kiwis. For years, New Zealand has been a casualty of what has been termed ‘brain drain’, as highly qualified New Zealanders left in search of opportunities aboard. Recent figures show that over 50,000 expats have already returned home, with predictions that as many as 500,000 are likely...

May 28, 2021 In Bramwell Bate News By Bate Hallett

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....

May 25, 2021 In Bramwell Bate News By Bate Hallett

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’...