Airbnb...

Key tax considerations

Becoming an Airbnb host sounds like the perfect way to fund some overseas travel for yourself and rent out your home while you are away.

The popularity of online booking platforms such as Airbnb, BookaBach and Holiday Homes has grown significantly over the past few years. They are seen as easy for property owners to market and rent their property to the end user, and it turns idle holiday homes or spare bedrooms into income earning assets. BookaBach currently has more than 12,200 holiday rentals and Airbnb has 15,000+ hosts. Airbnb hosts' average annual income in 2016 was $3,800.

If you want to become an Airbnb host, you'll need to consider your income tax situation, GST and your ownership structure. Read more…

Sharing a Driveway

Know your rights and obligations

Many episodes of Neighbours at War told of disputes regarding shared driveways. Whether you currently own a property or you're in the market to buy a property with a shared driveway, it pays to know your rights and obligations to ensure you and your neighbour won't be featuring on the next episode. Read more…

DIY at the Disputes Tribunal

If you have a claim of up to $15,000 – the Disputes Tribunal provides a simple, cost-effective way of dealing with civil disputes. We outline below the basics of what you need to know to make a claim. Read more…

On 1 April 2017 changes were incorporated into the Retirement Villages Code of Practice. These mainly involve the dispute resolution process in retirement villages.

Changes include a new step-by-step complaints process that includes the option of mediation to encourage earlier resolution.

Over the last 10 years the number of seniors living in retirement villages has grown to a record 32,000 people. Announcing these changes, Minister of Housing, Dr Nick Smith, said that the changes acknowledged the power imbalance between residents and retirement village companies and the need for a robust Code of Practice to ensure residents are treated fairly.

To find out more about the Retirement Villages Code of Practice, go to www.cffc.org.nz/retirement

Many rural employers provide accommodation to staff as part of an employment package.

Recently a controversial decision of the Tenancy Tribunal, where a tenant's dog ruined the carpets of a rental property, has been overturned on appeal to the District Court. This decision will be of interest to many in the rural sector. Read more…

Trusts Bill

Some key proposals

In late 2013, the Law Commission completed a report recommending that a new Trusts Act replace the Trustee Act 1956. The public consultation phase began last December with the release of the exposure draft Bill. It is intended that the new legislation will be the primary source of trust law in New Zealand. We outline below some key proposals. Read more…

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