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Courses/Accounting & Tax/Real Estate Tax

Residential Property Tax Changes: Rules and Compliance

Learn the principles and practices of tax deductibility and compliance to navigate financial regulations effectively.

Created byTEO Training
BeginnerUpdated Jan 20, 2025
Residential Property Tax Changes: Rules and Compliance

What You'll Learn

check_circleHow the bright-line test will apply, including: What properties will be affected and from when, How “New builds” will be treated
check_circleHow the “main home” exemption will apply given change to 100% main home, including: What happens when there is a change in use during ownership period, How the 12-month buffer rule will apply, Who is a “principal settlor”
check_circlePractical considerations and options for restructuring
check_circleRevisiting how these rules apply and to what properties
check_circleHow the interest deductibility criteria applies, including: distinction between new and old property, Timing of loss of deduction including the 4-year phase out of deduction, Impact on “new builds”
check_circleHow roll-over relief will apply to grandparent loans
check_circleThe practical implications of the recent changes including the interaction between the mixed-use and interest deductibility limitation rules

About This Course

Residential Property Tax Changes – Bright-line

The Bright-line rules have gone through another round of remedial changes and adjustments as a result of the introduction of the Taxation Bill (No 2). Then changes in the Bill were altered and tweaked when the Bill was reported.

In this course, we will look at the rules as a whole and consider the impact of the recent changes on how the rules can be applied.

The is an opportunity to come to terms with the rules as they now stand, the lessons we have learned, and to look at what options you may have in terms of restructuring ownership of residential land.

Residential Property Tax Changes  –Interest Deductibility

The interest deductibility rules have been tweaked again as a result of the introduction of the Taxation Bill (No 2). Then changes in the Bill were adjusted when the Bill was reported.

In this course, we will look at the rules as a whole and consider the impact of the recent changes on how the rules can be applied.

We will outline the changes and provide practical examples of how the rules might impact those who own residential property.

This is a chance to reflect and regroup. We will take the opportunity to look at the rules and what it means, as well as what, if any, opportunities there are to restructure property ownership and borrowings.

Siuited to:

This series will be suited to all levels of accountants, corporate professionals, public practice – law and accounting, general business advisors.

 

 

Your Instructors

TEO Training
TEO Training
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TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Daniel  Gibbons
Daniel Gibbons

Partner at Findex/Crowe

Daniel is a Partner for Findex in Queenstown. Daniel has been with Findex for 16 years, where he advises on a wide range of tax matters, including property transactions and property ownership structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in the taxation treatment of short stay accommodation, providing training to other practitioners.

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