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

<p>In this episode, we discuss the most recent budget released by the government. </p> <p><br></p> <p>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. </p> <p><br></p> <p>You&#39;ll also learn whether you should use a look-through company instead. The epsiode also goes through why the taxes won&#39;t harm high-income trusts. </p> <p><br></p> <p>Instead, loss-making trusts are the ones who will feel the brunt of the tax change. </p> <p><br></p> <p>Many investors will raise an eye brow when they hear how the new tax works with interest deductibility. </p> <p><br></p> <p>Together the two rules will harm some property investors.</p>