New regime to bite in 2007

Wednesday 15 September 2004

April 2007 looks like being kick off date for a new savings and tax regime - whatever it finally looks like.

By The Landlord

The government has released the results of the working group on workplace savings, and is asking for feedback on the proposals of the group.

However the other work in this area - the study into taxation of savings, headed by former BT Funds Management head Craig Stobo - is set to report next month.

Both Finance Minister Michael Cullen and workplace savings group chair Peter Harris emphasises that the Stobo work is vital to where this issue goes next.

Read More - Opens in a new window
Commenting is closed

Property News

Major industrial development powers on

It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer