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: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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59.3% Yes, supporting people is important!
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25.5% No, individuals should take responsibility
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15.2% ... It is complicated
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Cycad needs new Home!
We are about to get the outside of our house painted - and have decided this Cycad needs to go. I've started the recommended process for transplanting - trimming a portion of the fronds - but note that the best results require the move to new location to be as fast as possible. Before I start the root bulb work, is anyone local interested? I see they are listed at hundreds of $$ - but happy to discuss. It needs to go.
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