Originally posted by klauster
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A License for renters & WOF for all houses – Incentives to upgrade the dated housing?
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Originally posted by klauster View Postspeights boy - right, I pedal the brake of my car steep hill down for my safety. That is why I pay for WOF.Last edited by speights boy; 31-07-2014, 06:59 PM.
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speights boy – Are you missing here the mark?
A car has by law brakes and WOF to make sure it is lawful on the road.
WOF for rental targets landlords (minority of citizen) to force them into further debts e.g. to pay for improvements that many house in NZ don’t have as they were built.
If you force a WOF for rentals (not yet) then for meeting these standards rental owners should have options to meet those requirements like entitlements for interest free finance, tax rebate, etc – That is how they do that in countries I grew up.
At minimum landlords should be able to claim expenses for improving rental housing as rent deductible business expense. But so far the opposite happened - improvement costs and depreciation of business assets for residential landlords are not business expense.
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Originally posted by klauster View PostAt minimum landlords should be able to claim expenses for improving rental housing as rent deductible business expense. But so far the opposite happened - improvement costs and depreciation of business assets for residential landlords are not business expense.
How about some from the taxpayer, some from the tenant, some from the property owner ....would that work ?
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Originally posted by klauster View PostWOF for rental targets landlords (minority of citizen) to force them into further debts e.g. to pay for improvements that many house in NZ don’t have as they were built.
An airliner or a ferry is required by the regulator to fit a new piece of safety equipment, which wasn't fitted when first built.
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"Happens quite often in business.
An airliner or a ferry is required by the regulator to fit a new piece of safety equipment, which wasn't fitted when first built"
Nice you are saying that by closing in, but unfortunately for NZ landlords - that aren't rent deductible business costLast edited by klauster; 31-07-2014, 10:16 PM.
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Originally posted by speights boy View PostHappens quite often in business.
An airliner or a ferry is required by the regulator to fit a new piece of safety equipment, which wasn't fitted when first built.
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Because Landlords are seen as greedy unscrupulous rip-off merchants who are making stacks of tax-free money hand-over-fist while forcing Tenants to live in squalor, while ferry operators are staunch upright businesspeople who go to church, pay their taxes on time and help little old ladies across the road.
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Originally posted by flyernzl View PostBecause Landlords are seen as greedy unscrupulous rip-off merchants who are making stacks of tax-free money hand-over-fist while forcing Tenants to live in squalor, while ferry operators are staunch upright businesspeople who go to church, pay their taxes on time and help little old ladies across the road.
I remember a little story that features a Grasshopper, who used to sing in time of plenty and the Ant rather kept tireless busy preparing for the long winter. The Grasshopper even worse is making malicious comments and fun of the Ant for its work ethic. When winter arrived, the Ant did okay, and the Grasshopper was starving – so he launched a submission to the government before starving to death.
As a result taxes has been increased until the Ant could not keep up with payments anymore, became bankrupt, evicted and the homeless Grasshopper received finally social housing…
That story could come from NZ where I’ve seen many Ants, working hard in a day job 40-50 hrs a week and spend the weekends and holidays to renovate a rental, their previous family home they let after the moved into a new or larger home. These people make about 80% of all landlords, thought.
Interesting to see the appreciation they get.
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