Challenging times for building and construction
The building and construction sector has come under significant pressure in recent times. Let's look at the statistics and challenges, and how those in the industry can help safeguard their business.
Baker Tilly Staples Rodway has a number of staff in each office with significant experience and expertise in the property and construction industry which covers all accounting disciplines and involves businesses of all sizes. We also provide specialist advice and present to numerous industry groups such as Property Council of New Zealand and New Zealand Planning Institute.
Providing updates on legislative changes
Tax efficient structuring of operations including inbound and outbound investment structures
Opinions relating to specific property transactions
Lease inducements and fit out
Tax planning specific to property clients
Review and preparation of tax returns for entities of all sizes, from large multinational entities to locally owned and operating companies and franchises
Baker Tilly Staples Rodway contributes business matters articles to every issue of Build Magazine, the Building Industry Specialist Magazine. | ![]() |
Voluntary and solvent liquidations. Helping businesses recover from troubled times.
Outsource business administration and financial work to our experienced professionals
The building and construction sector has come under significant pressure in recent times. Let's look 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.
More than six months after the government announced interest deductibility limitations for residential properties and a mere three days before these rules would come into force for residential rental properties owned prior to 27 March 2021, the government has released the new legislation in the form of a Supplementary Order…
The government has announced a suite of changes intended to fix the housing market, and in particular, try to curb the significant house price increases seen over the last year.
Listening to business leaders over the past few months, the general outlook for 2021 is: despite the challenges, including Auckland’s February lockdown, we should count ourselves lucky.
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.
Unless you have only invested in term deposits, you have probably had some experience or knowledge that most non-bank investments provide higher returns over time with the trade-off being occasional swings in value. The degree of variation depends on the type and mix of your investments.
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.
With tightening rules on residential tenancies, people making greater use of flatmates and boarders to help pay the mortgage and the rise of apps such as Airbnb, it was only a matter of time before people would start querying their income tax and GST obligations around property that had previously…
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