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Brightline Test New Rules

From 29 March 2018 the bright-line test for residential property has been extended from 2 years to 5 years. The extended bright-line test only applies to properties for which an agreement to purchase the property was entered into on or after 29 March 2018. If an agreement to purchase a property was entered into before that date, the 2-year bright-line test will still apply.

Kiwisaver Kick Start

As part of budget 2015 Government announced the removal of the $1,000 KiwiSaver kick-start contribution.  As this change became effective from the day of the announcement, the kick-start is no longer available for members joining on or after 2pm 21 May 2015.

 

New Website

Omokoroa Accounting & Taxation Ltd is pleased to announce the launch of it's new website.