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  • Property Minutes ?

    What should a property minute look like when buying the property? -- i need to write some up for some past properties ( IRD issues) -- chez C

  • #2
    Are you running a body corp?
    Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
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    • #3
      Minutes

      No -- not for a body courp -- we brought several investment properties in seperate areas for long term investment -- however we had to sell after owning the for 3-5 years due to the econimic down turn -- yes we sold for more than we paid and IRD is trying to say our intention was buying to sell for a profit ( Current audit) as this was not the case. -- what do i need to put in a minute report ( worded correctly ) to show intention was for long term investment -- not profit?

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      • #4
        For a start, you need to stop posting on a public forum (known to be frequented by the IRD at times) that you are trying to do this retrospectively. I think that may come under the heading of 'fraud'.

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