A lot of people think trusts are only for the very wealthy, and absolutely useless for the every day person – but today’s guest explains that’s not the case.
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HOW LOW CAN WE GO?
How Low Can We Go? OCR AND INTEREST RATES. If you’ve been living in New Zealand for the past couple of years, you’ll know we’ve been at war with the inflation beast. This has affected the cost of doing business and the cost of living. Ultimately, the effect of high inflation is businesses paying more for the inputs they need and individuals paying more for…
HAS BORROWING MONEY GOT EASIER?
Has Borrowing Money Got Easier? If you’ve read our last article on the OCR and interest rates, you’ll know when the Reserve Bank reduces the OCR, the wholesale rates banks borrow money from the Central Bank falls. This can result in our registered banks reducing their short-term interest and deposit rates. POSSIBLE EFFECTS Debt to Income (DTI) rules became operational on 1 July 2024. They…
A CHRISTMAS PRESENT – TRUSTS 123
A Christmas Present – Trusts 123 Have a look at most businesspeople and you’ll find a trust or two in their structure. Trusts in one form or another have been used for eons, primarily to hold and protect assets and pass on wealth to successive generations. Trusts can be likened to insurance policies, providing asset protection against creditors and relationship claims so long as certain…
PAYING TAX ON RESIDENTIAL LAND SALES AND THE IMPORTANCE OF CAREFUL COUNTING
Paying Tax on Residential Land Sales and the Importance of Careful Counting Most New Zealanders are aware if they acquire and dispose of land within a certain period of time, tax may be payable to Inland Revenue. The tax, commonly referred to as ‘Brightline Tax’ was introduced via the Brightline rules by the National Government in October 2015 as an attempt to ensure property speculators…
The basics of trusts
A common misconception is that only the very wealthy need trusts, but many people may be putting their assets at risk without one. Author Janet Xuccoa joins Tim Beveridge on The Weekend Collective to give you all the basics of trusts.
PROPERTY INVESTORS GOOD NEWS
Property Investors Good News It’s no secret – Labour was not fan of those involved in property. Extension of the Brightline period, loss of interest tax deductibility and changes to tenancy laws were favoured policies of the Red Team that negatively affected property investors and tenants alike. That story is changing now we are led by a National Government. Indeed, National campaigned on several property policies…
WOULD YOUR TRUST REALLY PROTECT YOUR WEALTH ?
Would Your Trust Really Protect Your Wealth? Trusts dominate the wealth landscape. They’ve been used for eons and successive generation to hold and protect wealth. Given the humble trust is such a popular vehicle to hold assets and produce income, it’s no wonder the IRD have turned their attention to reviewing trusts to establish if they’re operating as they should be. Unfortunately, the Revenue have…
Estate Planning: A Three Part Series Preparing well for the road ahead – Part 3
A Three Part Series – Preparing Well for the Road Ahead – Part 3 This article is the last in the series of three which discusses estate planning. Our first two articles concentrated on Powers of Attorney and Wills. This article specifically canvasses the value of a Memorandum of Wishes and the types of provisions typically found in such a document. Read on to establish…
Estate Planning: A Three Part Series Preparing well for the road ahead – Part 2
A Three Part Series – Preparing Well for the Road Ahead – Part 2 “What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.” Pericles, a Greek Statesman and Legislator was the orator of this insightful quote. He implicitly understood legacies, especially those founded in political power and worldly goods, could be used to…