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Richard'sInterest deduction limitation rules: update
In our June newsletter I wrote an article that ‘attempted’ to explain the Government’s proposed new interest deduction limitation rules, which were to have an effective commencement date of October 1st, 2021. In this respect, my drafting of this commentary was only a week or so post the release of the Government’s own 143-page discussion document titled […]
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2014 budget – "the white budget??"
While many are referring to the recently released Australian budget as the “Black Budget”, not so for our own issued by Bill English yesterday (15th May 2014). The Budget in itself was fairly tame, not surprising considering it is an election year. And being an election year, there was of course a sly mention that […]
Trans-tasman portability of retirement savings
From 1 July 2013, new rules surrounding the portability of retirement savings will come into effect. Under the new regime, certain Australian superannuation funds and New Zealand KiwiSaver funds will be able to be transferred between countries, effectively enabling a person to “take home” any contributions they have made to an approved retirement scheme while […]
2013 budget update & highlights
Predictable, boring… just a few words that have been used to describe this year’s Budget. How it affects you? Unsurprisingly, the 2013 Budget focussed more on social policy changes and trying to deal with the issues of affordable accommodation and child poverty than making any significant changes to the tax legislation. In fact the tax […]