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Type: Posts; User: Rosco

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  1. Replies
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    The uncertainty on sale price at the end. One of...

    The uncertainty on sale price at the end. One of the issues is that a lot of real estate agents don't have a clue what a house is really worth at the end either. They say, buy it, do up the kitchen...
  2. So you need proof of a loss arising to the...

    So you need proof of a loss arising to the landlord from the missed payments?

    Something like a cost of a phone call that you charged the landlord to let them know of the missed payment?
    Or a bank...
  3. This seems crazy 1) encouraging first home...

    This seems crazy

    1) encouraging first home buyers to borrow 95%. Isn't that a bit risky and leaves no buffer!

    2) Spending $400 million to help 4,000, or $100,000 per household.

    This is...
  4. Replies
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    Tainting - This isn't that bad and you just need...

    Tainting - This isn't that bad and you just need to understand the implications fully.

    For a true long term hold investor, it has no affect as you will be holding any long term holds for over...
  5. Replies
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    Trading vs holding - obviously there is no set...

    Trading vs holding - obviously there is no set answer, either can work.

    Holding only
    - you buy one property
    - maybe you buy another
    - then you have to wait for gain in equity and also reliant...
  6. Replies
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    271

    Why do you want to sell the property? If a long...

    Why do you want to sell the property? If a long term rental, why not keep it?

    Apart from that

    1) Will you get more just selling on the open market? if so , then why sell to your tenant?
    ...
  7. Thread: Mortgage brokers

    by Rosco
    Replies
    7
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    361

    Hi Primal, I'm not trying to hassle mortgage...

    Hi Primal,

    I'm not trying to hassle mortgage brokers, but in general mortgage brokers and bankers want you to borrow more and more, and will help you borrow more and more. They don't want you to...
  8. Replies
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    Buying in a flat market is easier. But big...

    Buying in a flat market is easier. But big question is can you really add value? Or are you just reliant on the market to go up to make some profit?

    I feel there is 4 ways to trade.

    1) ...
  9. Replies
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    Poll: Why are you looking to make a loss year after...

    Why are you looking to make a loss year after year?

    Main question - are you really a trader / speculator and therefore your gains should be taxed? (possibly the only reason for you to do this!)
    ...
  10. Replies
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    Poll: Hi Bluecoat, 1) This is a ring fencing thread,...

    Hi Bluecoat,

    1) This is a ring fencing thread, so hence the post about ring fencing! ie there has been little or no discussion on the two options if making a loss, which the blogg covers.

    2) ...
  11. Replies
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    99,985

    Poll: Portfolio or Property by property? This blogg...

    Portfolio or Property by property?

    This blogg might help

    https://www.cswaikato.co.nz/index.php/latest-news-accounting-hamilton/accountants-hamilton-auckland/243
  12. Replies
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    1,290

    A company has this major issue! ...

    A company has this major issue! https://www.cswaikato.co.nz/index.php/latest-news-accounting-hamilton/accountants-hamilton-auckland/153

    Ross
  13. Replies
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    846

    Be careful buying based on Rent by Room. ...

    Be careful buying based on Rent by Room. Especially of developers over inflating values because of the higher possible rent.

    What happens to your return if this isn't sustainable and you have to...
  14. Replies
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    506

    Hi Andrew, There can be smart ways to...

    Hi Andrew,

    There can be smart ways to structure your property, to keep it away from the Aussi tax net. Key things to do

    - Get some advice from an Aussi accountant on how the capital gains tax...
  15. Replies
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    300

    Hi, 1) Ring fencing is in from 1/4/19 2) ...

    Hi,

    1) Ring fencing is in from 1/4/19

    2) LTC - is not a great entity for a personal home

    3) You are messy from a structure perspective as you are moving from 1 to the other.
    Generally...
  16. This is not correct. NZ IRD and government want...

    This is not correct. NZ IRD and government want the NZ tax!

    Ross
  17. Hi Elliot, 1) The rent is NZ income. So the...

    Hi Elliot,

    1) The rent is NZ income. So the entity who owns your NZ home would need to return the income and claim any expenses in NZ tax returns. Then pay tax on the profit in NZ.

    2) Not my...
  18. Replies
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    560

    ICA's are mainly lost through a change of...

    ICA's are mainly lost through a change of shareholding. Obviously if accountants get caught out on this a lot, then non accountants also get caught out a lot.

    If you plan to allocate to...
  19. Replies
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    560

    Hi Beano, Also consider lost imputations is...

    Hi Beano,

    Also consider lost imputations is the number 1 way accountants get sued. If lost, then effectively pay tax twice. This shows that there is a considerable risk of losing ICA's!
    ...
  20. Replies
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    560

    Which was what I answered on. I put LTC vs...

    Which was what I answered on.

    I put LTC vs Trust. But for your post this meant LTC owned by Trust vs Trust (sorry if that wasn't clear)

    Ross
  21. You have asked this in the Facebook group and...

    You have asked this in the Facebook group and answers on there.

    For others, just make sure Home office claims are realistic.

    If live in NZ, and have rental in Aussi. Yes can claim fair Home...
  22. Replies
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    560

    Normal Company? Be very careful as very...

    Normal Company? Be very careful as very difficult to get out Capital Gains. A Normal company is taxed at 28% vs Trust 33%, but the 28% is only an interim tax and long term often ends up at same...
  23. Best to get some expert advice from a specialist...

    Best to get some expert advice from a specialist for your circumstances, and your future plans. I don't like the commercial property and GST, in with your family trust.

    Ross
  24. Hi ak22, This might help - very basic video...

    Hi ak22,

    This might help - very basic video showing how you can use two banks

    https://www.facebook.com/thepropertyaccountant/videos/1338332332986058/

    Ross
  25. Replies
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    269

    Hi, Generally property is long term, so there...

    Hi,

    Generally property is long term, so there isn't a rush to buy.

    If you have purchased 3 recently, then often I would suggest you pause a little bit to make sure everything is working well...
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