Enacting legislation bringing into force the governments property tax changes has finally been passed. To date, advisors have been forced to guide clients based on policy announcements but with legislation now in place there are a few quirks worth exploring in more detail.
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The Inland Revenue has released a special report on the changes to interest deductibility and Brightline tax rules. In this article we will cover off these changes and how it relates to Brightline.
Read MoreThe government has recently passed new tax legislation that is set to impact commercial property transactions in excess of $1,000,000 and residential transactions in excess of $7,500,000.
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