Publications
Issue 49 - September 2024
The Trump/Harris showdown last week was pure theatre and no doubt is a prelude for much more debate to follow. It seems to me that Kamala Harris brings a dynamic to the election that was previously missing (youth!); some fascinating watching to come in this space.
Issue 47 - May 2024
The trustee tax rate now matches the top 39% personal tax rate. In some cases, this may prompt a decision to wind up the trust, perhaps because the advantage offered by the trust no longer outweighs the increased tax costs and pronounced reporting and compliance steps.
Issue 44 - March 2023
The recent collapse of Silicon Valley Bank, the 18th largest bank in America, has provided another dent in financial markets, the Bond Market already in freefall as interest rates continue to climb…
Right Entity for Investments
Extension of the 39% tax rate to trusts prompts the question, what is the optimal choice of entity for your investments? It also brings very much into the spotlight the benefit of the 28% rate enjoyed by PIEs and tax exemption granted to PIEs for gains on NZ shares and shares listed on the ASX.
Issue 46 - November 2023
It feels like the end of the year has been overtaken by two fabulous world cups and an election. Some lovely weather has been a Godsend too.
Issue 43 - November 2022
Labour has announced its intention, if elected, to introduce a capital gains tax in New Zealand at 15%, with a carve out for your principal home. Many people have asked me what this would mean…
Issue 48 - June 2024
Topical events over the last month have been plentiful; the Budget of course has headlined, and so has the state of the economy, the impact of high interest rates on it and the collapse of iconic Smith & Caughey.
Issue 45 - August 2023
Aren’t political waverings fascinating. First, David Parker commissions the high net wealth information gathering request as a platform to support a capital gains tax. Then the Greens Party press for this to be extended to a wealth tax...
Issue 42 - August 2022
I recently attended a presentation given by a leading economist with one of the trading banks. It was a fascinating presentation, hence I thought I might share the thrust of it with you…