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Type: Posts; User: Winston001

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  1. No. Unless your wife agrees.

    No. Unless your wife agrees.
  2. Replies
    3
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    222

    The original cross-lease is held by the Land...

    The original cross-lease is held by the Land Registry - LINZ, and you can get a print out of this document. Councils seldom ever hold copies. What the council should have is a copy of the Deposited...
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    944

    Kamchatka Peninsula is much overlooked. Millions...

    Kamchatka Peninsula is much overlooked. Millions of hectares of trees, plenty of fish resource, and fascinating wildlife viz. Siberian tigers. Plus cheerful and cheap North Korea nearby for vacations.
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    17
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    960

    Personally I'm a logburner man - plenty of heat...

    Personally I'm a logburner man - plenty of heat and still useful if the power goes out. Can even be cooked upon.

    Pellet burners do seem a little noisy with the fan running.
  5. Replies
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    16,903

    Just consider the previous post and think about...

    Just consider the previous post and think about the impending Inland Revenue computer upgrade. It is imminent and budgeted at $1.3 billion.

    I am a simple man. For me a Toyota built in Japan is...
  6. Replies
    268
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    16,903

    I did a bit of research a while ago about the...

    I did a bit of research a while ago about the implementation of new software systems in large enterprises. Surprisingly, indeed astonishingly, it seems that around 40% of new systems falter. Now,...
  7. Replies
    661
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    32,584

    You raise a good point. By the 1940s our society...

    You raise a good point. By the 1940s our society was way beyond the privations of the Victorian period when child death was an accepted burden of family life.

    Houses in the 40+s were cold except...
  8. Agreed Ross. One of the benefits of the NZ income...

    Agreed Ross. One of the benefits of the NZ income tax system is simplicity. Most tax payers never file a return nor do they need to. If there is a refund it is simple enough to get.

    Once we start...
  9. Replies
    12
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    838

    Mmm...I tend towards Atermis opinion. Keep it...

    Mmm...I tend towards Atermis opinion. Keep it simple. I'd be reluctant for the Trustees to take on debt or to give guarantees. Too much is out of your control and reliant upon everything going...
  10. Wondered when we'd get on to that - its a much...

    Wondered when we'd get on to that - its a much better idea but too complex to administer?
  11. Perry - think you said "why can't they admit CGT...

    Perry - think you said "why can't they admit CGT is just a tax grab?" or something similar.

    Absolutely right but Labour are saying that. Its what they mean by "broadening the tax base". All the...
  12. Replies
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    838

    My respect for you Richard, its a selfless and...

    My respect for you Richard, its a selfless and generous idea.

    There are a couple of important questions.

    Firstly do any of the 4 primary beneficiaries (your siblings) need their money right...
  13. And just a reality check - in the late 19th...

    And just a reality check - in the late 19th century many governments introduced reform legislation to deliberately break up the Great Estates. A few land owners up to that point held most of the...
  14. There are two levels to your comment. Firstly...

    There are two levels to your comment.

    Firstly there is the political argument as to what the community will accept. That is where CGT becomes a mess - include homes or not.

    Secondy there is...
  15. The principle is to widen the tax base. Currently...

    The principle is to widen the tax base. Currently the government raises revenue from the population's income (PAYE etc) and spending (GST). Plus a bit from fuel, alcohol, tobacco etc.

    But...
  16. The larger issue is whether a Capital Gains tax...

    The larger issue is whether a Capital Gains tax should be introduced in New Zealand. It is a complex and ultimately unanswerable question. Which means either the idea will fade away or it will be...
  17. Replies
    1,278
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    149,731

    Yes Wayne I agree, fair comment. I don't recall...

    Yes Wayne I agree, fair comment. I don't recall the Opposition calling for the (Labour) Government to spend more but every Opposition does that to test the other side. As Labour have rightly done in...
  18. Replies
    1,278
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    149,731

    And allow me once again to express the timeless...

    And allow me once again to express the timeless rule of business - do not buy an asset at a price above the rate of return. That is nonsense. I know people do it. And I've had to hold their hands...
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    1,278
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    149,731

    Now Perry be fair. Any competent Minister of...

    Now Perry be fair. Any competent Minister of Finance will collect as much tax as possible in order to pay the bills. We can't criticise him because that is his job. Michael Cullen was an...
  20. Replies
    1,278
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    149,731

    Yes but those businesses tend to be plumbers,...

    Yes but those businesses tend to be plumbers, electricians, small shop owners etc. The depreciation available to them is tiny and certainly not the difference between survival and perish.

    And...
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    1,278
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    149,731

    Yes Perry, just as various clients of mine have...

    Yes Perry, just as various clients of mine have invested in service stations, restaurants, and franchises over the years - and lost everything. Their savings, their homes, and sadly sometimes their...
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    1,278
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    149,731

    Strictly, depreciation is a long-standing...

    Strictly, depreciation is a long-standing (accounting) legal fiction. There is a legal presumption that machinery wears out and eventually becomes worthless. The owner is allowed to set aside an...
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    1,278
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    149,731

    You have to have some sympathy for the government...

    You have to have some sympathy for the government - any government. They expect IRD to collect tax from business income and yet, there is this identifiable group who act irrationally by buying...
  24. Just a reality check - most New Zealanders do not...

    Just a reality check - most New Zealanders do not live in Auckland. I'm sitting in a modest 80yr old gentleman's residence purchased in 1991, the value of which has doubled in 20 years. To $350k.
    ...
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    The one bullet-proofish answer is to revisit the...

    The one bullet-proofish answer is to revisit the S21 Agreement every 5 (or so) years and have it updated. That would be very hard to overturn. Provided both husband and wife are completely open and...
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