Poll: Are swear words no longer?
In 2023, Apple amended its autocorrect function to allow Iphone users to freely use their intended word without mentioning 'ducks'. Is this a sign of the times? Are swear words no longer taboo in our communities or workplaces?
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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21.1% Yes - swear words don't phase me
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47.6% No - it's still inappropriate to swear
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30.7% It's depends on the word
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0.6% Other - I'll share below!
Brightline Changes from 1 July 2024
π Important Update from the IRD on Bright-line Property Rules π
Starting 1 July 2024, significant changes are coming to the bright-line property rule. Here's what you need to know:
ποΈ Key Date to Remember:
β From 1 July 2024, the bright-line property rule applies only if you sell a property within 2 years of purchasing it.
π
Selling Before 1 July 2024:
The current bright-line periods still apply:
β Properties bought between 29 March 2018 and 26 March 2021: Bright-line period is 5 years.
β Properties bought on or after 27 March 2021: Bright-line period is 5 years for qualifying new builds and 10 years for other residential properties.
π‘ Selling Your Main Home:
The bright-line property rule generally does not apply if you sell your main home. This remains unchanged, but the criteria are specific:
β More than 50% of the property's area must be used as your main home.
β The property must be used as your main home for more than 50% of the time you owned it.
β If you build on the land, the construction period does not count towards determining your usage for the main home exclusion.
π New Rollover Relief Rules for Associated Persons:
β The rollover relief rules are extended to cover transactions between associated persons:
β Includes associated companies, relatives (within 2 degrees of relationship), trusts and their beneficiaries, partners and partnerships, and look-through companies and their owners.
β Both the transferor and transferee must be associated for 2 years before the transfer.
β Rollover relief can be claimed once in any 2-year period.
For specific accounting or taxation advice, please contact your accountant.
#adviceHQ #brightline #nzpropertyinvestor
Denham Bramwell β the new law firm in town!
Denham Bramwellβs new Albany office provides legal services to the fast-growing Business North Harbour community and local residents.
We offer specialist services in property law, family law, estates, wills & trusts, dispute resolution, litigation, and commercial and business law.
Are you looking for expert legal advice, and the best possible legal outcomes? If you want to work with lawyers with deep respect and genuine care for their clients, we might be a good fit for you.
Call 09 9856900 to schedule an appointment or visit us to discover more.
Brooke Glasgow and Emma Boad
Denham Bramwell, Albany Office Partners.