Main Home Exemptions
Hi again
Exemption for your main home under the bright line tax is full of fish hooks .
One example is:
Often clients assume because they are “now living in it” their home (previously rented) is exempt.
When using Trusts the main home exemption rules can be blurred. It is very important you check with your Tax Advisor so that settlement on sale or purchase happens correctly. Done incorrectly there are significant taxation liabilities.
If you would like some independent advice or need an Accountant please call us.
Phone: 095280069
www.Westons.co.nz...
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79.6% Yes! It's better to regift what I don't need
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20.4% No. It's the thought and effort that matters
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Merry Christmas to our Neighbourly community!
We’d like to say a big thank you to everyone who has supported us this year, your trust, recommendations, and kind words truly mean a lot to our small local business.
Wishing you and your families a Merry Christmas and a Happy New Year filled with peace, good health, and joy. We look forward to helping our lovely community again in the new year
Kind regards,
Alex & Linda
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