Practical Implications of the Bright-Line Test

The bright-line test is what IRD uses to determine whether income derived from the sale of residential land will incur taxation. This test recently changed to become more expansive. This means the bright-line test will be applicable to many more people, therefore understanding how the bright-line test works is incredibly important for home owners considering whether to sell. Any residential land bought from 29 March 2018 and sold within 5 years, may have its sale revenue taxed. If the land was purchased before this date then the test for taxation is whether it was sold within 2 years of its
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Going Fishing? – Know your Limits

If you enjoy recreational fishing you need to know your limits! With the Leigh Fishing Contest coming up we thought it was a good time to remind you that there are strict laws stating how many fish you can take in one day and the length. In our region you can take a combined bag of 20 fish including, Snapper, John Dory, Moki and Tarakihi and up to 10 Snapper (must be 27cm in length).  For a full list of the limits click here https://www.fisheries.govt.nz/travel-and-recreation/fishing/fishing-rules/auckland-kermadec-fishing-rules/#twistie          Make sure you don’t venture into the Rodney-Otakari Point (Goat Island) Marine Reserve and the Tawaharanui Marine Reserve – these are special areas reserved for protecting species and habitats for
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