Will The 39% Trust Tax Smash Your Property Empire? NZ Budget 2023 Revealed! ⎜ Ep. 1351

In this episode, we discuss the most recent budget released by the government. We talk about the new 39% tax rate for trusts and what this means for property investors. This includes a run-down on whether trusts still make sense. You'll also learn whether you should use a look-through company instead. The epsiode also goes through why the taxes won't harm high-income trusts. Instead, loss-making trusts are the ones who will feel the brunt of the tax change. Many investors will raise an eye brow when they hear how the new tax works with interest deductibility. Together the two rules will harm some property investors.