Gilligan Sheppard's Podcast: Recent Episodes
Gilligan Sheppard
In this Development Series Webinar with SubdivisionNZ, Richard Ashby, Partner at Gilligan Sheppard talks you through the steps when it comes to property development tax.
With over 30 years of NZ taxation experience, Richard provides helpful breakdowns into how you may be affected by tax as a property developer and important factors you need to consider before embarking on your next property development project.
The following three scenarios are covered in this webinar:
1. Subdividing the back of my house. For rent.
2. Developing on a site and selling everything.
3. Developing on a site and selling half and renting half.
Richard Ashby (Tax Specialist) and Jeromy Meerman (Relationships and Product Manager at Tax Traders) get together and answer the most common questions asked around Tax Pooling. They discuss misconceptions, the benefits of tax pooling, and how to use it. Any enquiries, please email jeromy.meerman@taxtraders.co.nz or marketing@gilshep.co.nz
Details beginning at 5.33s:
Q1. What is tax pooling?
Q2. What kind of tax can I use tax pooling for?
Q3. What are the benefits of tax pooling?
Q4. What are the criteria for using the service?
Q5. Why would I deposit into a tax pool?
1. With the existing clause in commercial leases which has allowed for a reduction to be fair – describe how to define fair?
2. If considering a new commercial lease, what terms should be considered following the current experience? (from the perspective of the Landlord and tenant?)
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Regarding settlement and acquisitions/sales of property, is this Covid-19 event grounds for cancellation?
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On construction contracts, most contractors have issued suspension notices. What are the consequences of this for a property owner (in particular Insurance risk) and which party will bear the costs associated with the delay?
For any questions you have on this subject matter, please email marketing@gilshep.co.nz.
Hosted by Richard Ashby, Bruce Sheppard and Michael Vukcevic share their thoughts on the following:
1) What are the risks to businesses post lockdown?
2) How can businesses address the uncertainty post lockdown?
3) Why is re-evaluating business purpose important?
4) What help or hindrance will the Government be?
5) What does long-term now look like for business?
If you have any questions you would like us to answer - please email them through to marketing@gilshep.co.nz.
Our tax specialist Richard Ashby is interviewed by Michael Vukcevic. Here he provides tips around your tax - the devil is in the detail - so fee free to email any tax questions to richard@gilshep.co.nz or any other enquiries to marketing@gilshep.co.nz
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I noted this morning your internal message to the team re the urgent Bill the Government has just passed through the House this week, particularly the new loss carry-back rules. Could you explain these new rules to me please?
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Following on from that, I note that the loss carry-back rules were just one component of a more broader package of proposals announced by the Government a couple of weeks ago. Could you tell me a little more re the tax related proposals?
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I also recall seeing a post by you earlier in the week, re a special report just released by Inland Revenue on the first round of Covid-19 tax related changes passed into law back in March. A little recap perhaps?
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I’ve heard of clients who have originally claimed the wage subsidy, who now feel that the business may actually perform better than first expected between now and June 2020, and therefore they are unlikely to experience the requisite 30% reduction in revenues that entitled them to claim the subsidy in the first place. How do they now go about paying the subsidy back?
Bruce Sheppard, CEO of Gilligan Sheppard and Damien Grant, Principal of Waterstone Insolvency (https://waterstone.co.nz/), who have both featured in recent articles on the wage subsidy, hash out their points of view. Who's side do you agree with most? Any inquiries, please email damien@waterstone.co.nz or marketing@gilshep.co.nz.
With borders opening up in New Zealand, travel is on the horizon. Our experts cover the most common enquires around tax and immigration...
Our experts are Danny Ho from DH Law who specialises in immigration law, Richard Ashby who specialises in international tax and is hosted by Yi Ping Ge, facilitator and veteran New Zealand business advisor....
Q1. I'm looking to leave New Zealand on an OE for a year, maybe more. Do I need to sort anything with the IRD?
Q2. What is your biggest piece of advice when wanting to migrate to New Zealand? And then what's the first thing I should do when I get here?
Q3. Can I come to New Zealand and set up my own business?
Q4. Can you share a success story of one of your clients that you are proud of?
If you have any questions, or need any advice on this topic, please get in touch.
Addressing the need to be considerate during this time, our guests tackle a topic that should be foremost in our thinking...
Guest panelists are psychologist Evana Lithgow from 'Working Minds' and employment lawyer Tess von Dadelszen from 'Langton Hudson Butcher' facilitated by Richard Ashby...
How can we as employers, suppliers, customers best communicate difficult decisions or have difficult conversations at this time?
What should we as bosses, colleagues, friends, associates, suppliers, stakeholders, investors, family, neighbours be mindful of when engaging with those who come across our path?
Hard decisions will have to be made regarding team restructuring, how does the legal framework for this work in the context of covet and lock down economic fallout?