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Understanding the NZ Tax System

Having not long completed another tax year, we read an interesting article about how the New Zealand tax system really works. New Zealand taxes income on a progressive basis and generally a tax liability will arise on every dollar. The article touches on family tax credits and capital gains tax. Capital gains are generally not taxed (unless you're a property investor selling a house within five years) or otherwise involved in buying and selling properties. Read more

Buyer Tips.

Buying a house is the one of the biggest financial decisions you'll make. With a massive amount of information at your finger tips, here are 3 tips to guide you in the right direction ... if you need professionals - F&P can help you find a specialist.

 

Apple Recognises Harcourts.

New Zealand Real Estate group Harcourts, has been selected from a world-wide category to be the first real estate company to be featured across Apple’s global web network with a case study showing how they have used Apple’s iOS technology to transform their business.

F&P work with some great systems via Apple Product.  For example ...next time you are at an Open Home - you may notice us using an Ipad to register people that have attended the Open Home.  Harcourts uses some great technology to help our buyers and sellers acheive their property goals.  Ask F&P how they can help you.

 

 

 

 

Queenstown to Upgrade Town Centre

The sign off to proceed to a detailed plan to upgrade Queenstown Town Centre  was unanimously approved.  Queenstown will look to spend $385 million - with a plan to construct a $41.5 m council building.

What is the bright-line proeprty rule?

The bright-line property rule means that people who sell a residential property might need to pay income tax on any gains.

How it works depends on when you bought the property.

Purchased between 1 October 2015 and 28 March 2018

If you purchased the property between 1 October 2015 and 28 March 2018, the bright-line property rule may apply if you sell it within two years of buying.

If the property is your family/main home, you inherited the property, or if you're the executor or administrator of a deceased estate, the bright-line rule does not apply.

Purchased on or after 29 March 2018

If you purchased the property on or after 29 March 2018, the bright-line property rule may apply if you sell it within five years of buying.

If the property is your family/main home, you inherited the property, or if you're the executor or administrator of a deceased estate, the bright-line rule does not apply.

More information - click here

MOST TRUSTED BRAND - 7 Years Running

 

 

We are excited, proud and honoured to be awared the Most Trust Brand again this year, for the 7th year consecutively.  On top of this we were also awarded  number one for the Harcourts Global Customer Experience Award. Your feedback is important to us and helped us achieve number 1 out of 900 Harcourts offices. I wanted to share our own excitement and feelings on such a prestigious award - watch here. It’s an exciting innovation which will allow Harcourts to continue to grow our people and constantly evolve our service to clients.