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Understanding the Ring fencing rules

Guest writer Abhi Jagwani Accountant and owner First Class accounts From the 2019-20 income year onward, new rules apply to deductions claimed for residential properties. Residential property deductions will now be ring-fenced, meaning that they can only be used to offset income from residential property. The legislation requires taxpayers to determine whether they hold their

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Top 5 tips for buying/selling under the new agreement for sale and purchase of real estate

Since the start of this year there has been a new standard form agreement for sale and purchase in use for buying and selling property. Whether you are a buyer or a seller, here are 5 tips to give you an advantage in your property transactions. 1. Finance Condition The finance condition in the new

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Covid-19 Lockdown 3 and what it means for landlords

Covid-19 Advertising and viewings during Alert Level 3 Under Alert Level Three, you can now start showing prospective tenants through your property again however there are still restrictions.  Read on to find out what you can and can’t do during Alert Level 3. COVID-19: Advertising your property during Alert Level 3 lockdown It is recommended

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Covid-19, Can property viewings be completed during Alert Level 3 lockdown?

With the government’s announcement that New Zealand will move to Alert Level 3 lockdown from Tuesday 28 April there is conflicting advice as to whether we are able to show potential tenants through properties. The REINZ has been working with Industry Leaders and have presented material to the Real Estate Authority (REA), Ministry of Business

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