Tax Relief On The Horizon

Tuesday 23 March 2004

Significant tax relief is in line for low and middle income families in the May Budget.

By The Landlord

Finance Minister Michael Cullen says latest figures shows the average single production worker in New Zealand pays the third lowest tax in the OECD and with two children he comes in at number nine.

Dr Cullen says that is about to improve even further from ninth to the fourth lowest rate.

However National's associate finance spokesman John Key says the average kiwi household is paying $2,600 a year more in tax under a Labour Government.

Mr Key says in the past 12 months the average tax rate has increased faster than any other OCED country.

Read More - Opens in a new window
Commenting is closed

Property News

Tenancy reform submissions due March 25

Worried about the government’s tenancy law reforms? You’d better speak up soon because there’s under a month to make a submission on the legislation.

House Prices

Regions lead the price growth pack

Provincial markets stole the asking price spotlight from the main centres in January, according to the latest Trade Me Property Price Index.

Commercial

Headwinds for the commercial market

Tightening credit conditions could impact on New Zealand’s booming commercial property market, according to the Property Council’s chief executive.

Mortgages

Heartland launches reverse mortgages for investors

Heartland has expanded its reverse mortgage business and will now lend against investment properties and second homes, as the product becomes more popular in New Zealand.

Site by PHP Developer