Well done Andrew King and NZPIF

[Perry]

Possibly, but I doubt it. Most of the PIs I've met are more than willing to share their know-how.

At the same time, I suspect that most PIs will know when they're beating their head against a brick wall.

It matters not whether the ignorance arises from simple ignorance, or thoroughly-well-informed-self-interest.

Those who are willing to hear, understand and learn, quickly reveal themselves as that way inclined.

As do their opposites.

[Keys]

... but it's not cash cow by a long way.

Tell real estate agents that.

[Perry]

It fell on deaf ears. I read the comments underneath. I don't know why I put myself through the aggravation. Here is a sample of the sheer ignorance of Joe Public.

Perhaps another one?

Staged? Real? Or another example of the invincible ignorance of the Internet experts?

[Wayne]

Staged? Real? Or another example of the invincible ignorance of the Internet experts?

Internet experts?
I've always loved that one.
There's another in a similar vein.

[Perry]

So what is to be done with the Internet experts, such as Sidinz mentioned?
The ones who think it's possible to claim a deduction for something not spent?

I've come across this before: people who for some bizarre reason think that 'deductible' means that you don't actually pay it.

[cube]

They confirmed that if the study had treated other assets that also had a capital growth component the same way they treated rental property, then rental property would actually have a higher marginal effective tax rate because of local government rates.

i.e Property Investment is taxed in the same way as other businesses + the addition of rates.

[Don't believe the Hype]

i.e Property Investment is taxed in the same way as other businesses + the addition of rates.

correct - and the inability to claim GST paid on anything as rent doesn’t attract GST.

[mrsaneperson]

There is often much negative comment about what the Property investors associations are doing to dispel incorrect information.

I think we should recognize good work when it's done. Here is a piece in the NZ Herald that covers off the ongoing myth of tax advantage in property. Well done Andrew.

Now the challenge is to ensure the PR around this message is maintained.

https://www.nzherald.co.nz/index.cfm?objectid=12081596

The one element i think was missed - which might become phase 2 of the story is that all the work paid from by property investors attracts a GST payment (tax paid) that is not claimable due to rents not including GST. While this is not a push for rents to include GST it shows a further TAX disadvantage to property investment over other businesses.

Good point about the GST. I see the big problem being the outlandish media bias against the general "run of the mill" conservative person and capitalist which usually would include your average landlord .The country is being pushed into Marxist leftism; look at the NZ Herald you couldn't get a job their if you said you would have voted for Trump over Hillary .

[Bluecoat]

Renters United - rent a crowd


https://www.facebook.com/groups/340682962758216/search/?query=https%3A%2F%2Fwww.rentersunited.org.nz%2F

https://www.stuff.co.nz/business/105...uniteds-claims.

[Perry]

Who's Exploiting Who?

This bit seemed rather strained - hair splitting, even:

Renters United claims that the existing tribunal system is funded by tenants. This is wrong. The system is funded by the interest earned on holding bonds.

. . . bonds provided by tenants.

Before this system was introduced, bonds were held by landlords and they retained the interest earned. Landlords lost this income when the new system was introduced. So it is landlords who actually pay for the system.

That's an even bigger stretch.

Misguided - Much?

Perhaps Ranters Untied could open their eyes and see how Taxcindarella et al actually do treat tenants?

Government pockets $37 million in unclaimed tenancy bonds
19 March 2018

Tens of millions in unclaimed tenancy bonds reclaimed by Government
10 July 2015

Gummints just love free money, so don't be swayed by their, 'those poor tenants' crocodile tears.

The ministry also takes all reasonable steps to locate and contact tenants after a tenancy has ended.

Bah! Humbug!

Renters United says that the system to sort out tenancy disputes must be fair, timely and well resourced, which sounds perfectly reasonable. However their definition of reasonable is anything but fair.

Maybe the Ministry and Ranters Untied could compare their definitions of just what's "reasonable?"