With 2021 getting off to a roaring start, there are a number of tax issues which you may need to consider.
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Major changes to the law regarding Residential Tenancies Act will come into force on 11 February 2021. The changes modernise the law relating to residential tenancies, reflect the current rental market, give tenants more security and stability, and protect landlords’ interests.
Read MoreWith tightening rules on residential tenancies, people making greater use of flatmates and boarders to help pay the mortgage and the rise of apps such as Airbnb, it was only a matter of time before people would start querying their income tax and GST obligations around property that had previously not been used to derive income.
Read MoreThe Residential Tenancies Amendment Bill (No 2) received its Royal Assent on 30th July 2019 bringing about significant changes for landlords to pay attention to. One such change concerns careless damages caused by tenants at rental properties.
Read MoreThe healthy homes standards (HHS) became law on 1 July and landlords will need to start preparing to ensure that rental properties comply by the due dates, which begin on 1 July 2021.
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