The number of retirement villages is only likely to increase to accommodate our ageing population. Retirement villages are an attractive option because they can offer a good balance between living independently and having access to support and healthcare. Villages comprise independent living options in a townhouse, villa or apartment, and (as needs increase) serviced apartments, […]
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Sold! But will my property profit be taxed?
Buying and selling property has generated substantial income for many New Zealanders – especially in today’s booming housing market. If you buy residential property with the intention of selling and making a profit, that profit has always been taxable. But the Government has now added another layer to this subjective test of intention known as […]