• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook

Search:

Type: Posts; User: Rosco

Page 1 of 20 1 2 3 4

Search: Search took 0.15 seconds.

  1. Thread: I HATE auctions!

    by Rosco
    Replies
    10
    Views
    351

    Hamilton Auctions today Lodge - sold all...

    Hamilton Auctions today

    Lodge - sold all except 1, i think was around 8
    Lugtons - sold all , maybe 6

    Ross
  2. Thread: I HATE auctions!

    by Rosco
    Replies
    10
    Views
    351

    What area? Auckland I'm guessing? Ross

    What area? Auckland I'm guessing?

    Ross
  3. done - that was the shortest document relating to...

    done - that was the shortest document relating to the government I have ever read.

    It would be great if some more practical changes were proposed and made to Healthy Homes.

    Ross
  4. Replies
    3
    Views
    204

    Hi Kdan, Starting point is if you subdivide...

    Hi Kdan,

    Starting point is if you subdivide and sell, then any gain is taxable.

    But there are some great exemptions, especially for personal home.

    Most likely there is no tax and no GST in...
  5. Replies
    2
    Views
    195

    Do you need to use your Kiwisaver? ie do you...

    Do you need to use your Kiwisaver? ie do you have enough deposit without it?

    If you have enough deposit, why muck around? You aren't gaining anything as you still own the Kiwisaver and still...
  6. Replies
    4
    Views
    253

    This is a pretty good answer! As Keith mentions...

    This is a pretty good answer! As Keith mentions it is unlikely that you would be a non resident for tax in NZ, as your family and home is still here. Therefore have to return your world wide income...
  7. Often government departments look at related...

    Often government departments look at related party income as well. So if you own all the company, then the government department would normally include any company profit as your income. Also if...
  8. Replies
    3
    Views
    412

    I would look at the overall numbers on both, now...

    I would look at the overall numbers on both, now and over the next 10 years.

    $800k plus property - sounds like you are really just gambling on capital gains. Chances are that in 10 years you...
  9. Thread: 2020 Predictions

    by Rosco
    Replies
    46
    Views
    4,294

    Sticky: What will best buy votes the best? I think...

    What will best buy votes the best?

    I think Labour will promise;
    - higher unemployment benefits
    - higher working for families benefits
    - Higher pensions

    National?
    - tax cut to higher earners
  10. Replies
    4
    Views
    434

    Are you over thinking things? I presume you...

    Are you over thinking things?

    I presume you have been together more than 3 years.

    If your assets are the same, your incomes are the same, what is the issue? Normally you would have a...
  11. Replies
    3
    Views
    681

    Thanks. I find the rules a bit stupid. Idea...

    Thanks.

    I find the rules a bit stupid. Idea is to stop you claiming a rental loss against personal or business income. So why can't rental profit from personal home offset rental loss? Or...
  12. Replies
    3
    Views
    681

    Ring Fencing Basics and Eleven Examples

    Ring Fencing Basics and Eleven Examples



    As many of you will know, Ring Fencing comes in from 1/4/19. This basically means that you cannot offset residential property losses against other...
  13. As I put in my comment, would this apply to...

    As I put in my comment, would this apply to holiday home? If they want to use it for 3 months which I presumed was for a holiday home, then can they use this clause as I'm guessing it won't be their...
  14. Replies
    6
    Views
    549

    Small thing, there isn't capital gains tax! ...

    Small thing, there isn't capital gains tax!

    But you can be taxed under lots of other provisions such as subdivisions, intention, rezoning, builder rules, tainting.

    IRD have recently put out...
  15. I'm presuming this is a holiday home. If so,...

    I'm presuming this is a holiday home.

    If so, is wanting to use the property as a holiday home over summer a reason you can give to cease the tenancy?

    This presumably wouldn't be the owners...
  16. Hi Henry, it depends. How much is chattels...

    Hi Henry,

    it depends.

    How much is chattels depreciaton, how much is building depreciation?
    What is the building really worth now vs the closing book value.

    As with most things I would...
  17. I'm not great on tenancy laws, but from talk on...

    I'm not great on tenancy laws, but from talk on facebook groups, this is them sliding it in. Expected May / June 2020.

    Ross
  18. So just do it once every 12 months for a bigger...

    So just do it once every 12 months for a bigger rent increase! I can't see the benefit for tenants in this rule change, and I also can't see the issue for landlords.
  19. I'm pretty sure they are looking at turning fixed...

    I'm pretty sure they are looking at turning fixed tenancies into periodic, so you would also need a reason to cease fixed term tenancies!
  20. I actually don't think these are that bad - 63...

    I actually don't think these are that bad
    - 63 days notice if selling. Just means have to be organised and plan!
    - 3 compliants within 90 days, then tenancy tribunal helps a bit
    - 3 late rents...
  21. Hi, Xero is very common as most accountants...

    Hi,

    Xero is very common as most accountants also use it. Through an accountant it is only $12 per month for a non GST cashbook.

    Xero should save you time by memorising transactions and...
  22. Hi, By your question it sounds like you...

    Hi,

    By your question it sounds like you already know the answer, but just don't want to admit it. Generally costs related to preparing for sale are not repairs, so not deductible. The true test...
  23. Hi Andrew, Is your personal house a good...

    Hi Andrew,

    Is your personal house a good rental?

    I'll put it another way. If you didn't own the property, and you were looking to buy a rental, would you buy your existing personal home as a...
  24. Thread: 42 day notice

    by Rosco
    Replies
    7
    Views
    1,462

    You will need to check that before relying on my...

    You will need to check that before relying on my tenancy advice! As I put, I'm not great on it and I would ask someone else!
  25. Thread: 42 day notice

    by Rosco
    Replies
    7
    Views
    1,462

    Hi, I'm not great on tenancy law, so hopefully...

    Hi,
    I'm not great on tenancy law, so hopefully someone else will add some more or correct me.

    Who owns the property? If a Company, then I'm not sure they can do the 42 days, as the company...
Results 1 to 25 of 500
Page 1 of 20 1 2 3 4