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Type: Posts; User: drelly

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  1. Replies
    172
    Views
    9,858

    Does anyone know what the deal is with GST under...

    Does anyone know what the deal is with GST under these new rules? Either...

    1. There is no GST to be paid, in which case, it would be more profitable to trade under these rules than before, or;...
  2. Replies
    172
    Views
    9,858

    But will they? I know people who have done this...

    But will they? I know people who have done this 3/4 times in the past 5/6 years.
  3. Replies
    172
    Views
    9,858

    That's what I thought too. Yes, I think it...

    That's what I thought too.

    Yes, I think it would carry over to be offset against future earnings.

    Has anyone considered that perhaps Auckland property doesn't need to be "affordable" on a...
  4. Replies
    398
    Views
    18,482

    Great! We have enough Auckland investors using...

    Great! We have enough Auckland investors using their big city equity up here already! :)
  5. Thread: Interest Rates

    by drelly
    Replies
    3,490
    Views
    404,948

    I'm not into jewellery but my wife is. I try to...

    I'm not into jewellery but my wife is. I try to keep her out of places like that!
  6. Replies
    71
    Views
    6,028

    Yeah but the percentages ignore the actual tax...

    Yeah but the percentages ignore the actual tax payment. $400k income means you pay about $100k tax. That's a tax contribution of double the average (pre-tax) wage.
  7. Thread: Interest Rates

    by drelly
    Replies
    3,490
    Views
    404,948

    I'm a bit late but... "Fishers Jewellers"???

    I'm a bit late but... "Fishers Jewellers"???
  8. What's new? He's always doing that. A long time...

    What's new? He's always doing that. A long time ago I gave up on the idea that his beliefs were genuine because he was so obviously wrong about so many things. I think he just likes to be outspoken...
  9. Replies
    104
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    5,265

    Did no one see Property Tutors on the news?...

    Did no one see Property Tutors on the news? Unbelievable! It was basically a free advert for them!
  10. 1. The answer is no. You would have to change...

    1. The answer is no. You would have to change ownership on the title, which is a sale. Trying to sell for an unrealistic value (ie;$0), would be tax fraud.
    2. Again, I would expect to as it involves...
  11. Replies
    5
    Views
    382

    More likely that there is moisture coming through...

    More likely that there is moisture coming through the blocks because the drainage/waterproofing is inadequate or non-existent. If the blocks look freshly painted, I would be suspicious.
  12. Replies
    12
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    788

    Put the rent up by $5 a week and give them a...

    Put the rent up by $5 a week and give them a dishwasher.
  13. That's a really good point and one that they...

    That's a really good point and one that they should be able to relate to. I think a lot of the other arguments against CGT are too far over on the property investors' perspective to carry much weight.
  14. Replies
    18
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    1,176

    Bad grammar and total lack of punctuation?

    Bad grammar and total lack of punctuation?
  15. Replies
    203
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    9,077

    Actually, he might get in behind Hundertwasser. I...

    Actually, he might get in behind Hundertwasser. I hear he is for it and it might get him the attention he craves.
  16. Replies
    203
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    9,077

    He will talk big and do nothing.

    He will talk big and do nothing.
  17. Replies
    43
    Views
    5,714

    Winston just wants the seat. Can't see him doing...

    Winston just wants the seat. Can't see him doing anything!
  18. Replies
    43
    Views
    5,714

    Yes there has been a lot of development around...

    Yes there has been a lot of development around the centre but did you go into the CBD? Something like 30% vacant at the moment. One of the biggest commercial property owners in town (Wally Yovich) is...
  19. Replies
    43
    Views
    5,714

    I agree!!!!

    I agree!!!!
  20. Replies
    58
    Views
    4,264

    I looked up "take them and run" on the IRD...

    I looked up "take them and run" on the IRD website but didn't find anything :D
  21. Replies
    58
    Views
    4,264

    What if I never pay any interest?

    What if I never pay any interest?
  22. Replies
    58
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    4,264

    Looks like BNZ have come up with a decent offer...

    Looks like BNZ have come up with a decent offer to stay https://www.bnz.co.nz/support/credit-cards/new-globalplus-rewards

    I assume that the cashbacks will be taxable income though?
  23. Replies
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    4,264

    BNZ had better get an option on the table fast...

    BNZ had better get an option on the table fast...
  24. Eri and I are probably not being clear enough....

    Eri and I are probably not being clear enough. The test is basically whether it's a genuine business or a tax dodge. If you're charging a quarter of market rent, it's obviously not a genuine...
  25. Yes you can. It will work really well until you...

    Yes you can. It will work really well until you get audited and penalised for back taxes, penalties and interest. So... probably best not to. You could charge them a lower-end market rent though.
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