After several tough years, New Zealand’s construction sector was hoping for a more stable operating environment. Instead, the conflict in Iran has driven costs higher and stalled demand just as it was picking up again.

For many New Zealanders, property investment is a significant part of their wealth creation plan.

As you read this, Inland Revenue’s new AI software tools are trawling Land Information New Zealand’s "Landonline" database.

Do you own commercial or industrial buildings and report under IFRS or PBE standards? Have you considered how the recent removal of tax depreciation deductions on these buildings will affect you?

The building and construction sector has come under significant pressure in recent times. Auckland associate director Asheel Bharos looks at the statistics and challenges, and how those in the industry can help safeguard their business.

There’s no denying these are unusual times to be in construction. Residential building consents are at a record high, meaning plenty of work to go around, but materials and skills shortages (and now, rising interest rates) mean workflows and cashflows are harder to manage than ever.

As we all know, there is significant global economic uncertainty as countries deal with COVID-19, and the steps taken to control it. Most countries are expecting to enter recession, if they are not in one already.

With the official cash rate at record lows, residential growth sluggish and eighty per cent of 2019’s NBR Rich List Top 20 having made their money in bricks and mortar, many clients are looking seriously toward commercial property as a place to invest.

Geoff Mockett and Dustine Palmer have learnt several lessons from their many years in business, but the most valuable has resulted in them being a multi-award-winning Signature Homes franchise, ranked as the region’s leading home builder1.

As forewarned in our previous tax publications, the government has now passed the law which will restrict the use of losses from residential property. These rules take effect from 1 April 2019, so apply from the current tax year.

Many New Zealand companies have non-resident directors, and the taxation of payments to these directors has, historically, not been clear. Baker Tilly Staples Rodway Auckland taxation services senior manager Jodi Johnston reports. . .

As accountants, we are often asked by clients whether they should invest in property. Over the last two years, this question has come up more regularly as people come to grips with a low interest rate environment and the difficulty of achieving a reasonable return on financial investments.