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  1. Go to first new post prices to fall to 2015

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Type: Posts; User: Anthonyacat

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  1. The most recent inspection by my best PM took...

    The most recent inspection by my best PM took 218.

    My other PMs usually 20-30.

    But the AMI policy doesn't specify how many. So take a photo of anything that needs remedy. Spots on the wall,...
  2. Replies
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    37,390

    Aren't all the insurers in NZ owned by two big...

    Aren't all the insurers in NZ owned by two big companies anyway? Vero and the other one?
  3. Replies
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    129

    The math in that article is terrible. So if...

    The math in that article is terrible.


    So if you bought a property six years ago for $400,000, and due to capital gain in the Auckland market, it is now worth $600,000. However, after the...
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    3,272

    Sorry, wasn't clear. HWC is absolutely a...

    Sorry, wasn't clear. HWC is absolutely a depreciable asset, and when a new one is purchased it should be capitalised separately to the house and depreciated at whatever rate IRD prescribes -...
  5. Thread: LTC entity

    by Anthonyacat
    Replies
    13
    Views
    282

    This is not an issue I've come up against yet,...

    This is not an issue I've come up against yet, and as always 'it depends' - but I'm leaning towards a yes.

    Deemed disposals are a big fishhook in LTCs. Luckily, most people don't need to change...
  6. I'm not an apartment expert, but have just bought...

    I'm not an apartment expert, but have just bought one myself. The numbers I heard thrown around were $9-11k per sqm for existing apartments, $10-14k per sqm for new. And $50-80k for a carpark. But...
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    3,272

    Nope. Sorry! If the old HWC is already...

    Nope. Sorry!

    If the old HWC is already capitalised separately from the rest of the house in the asset schedule (pretty unlikely) you can write off its residual value. But otherwise, you're stuck...
  8. Thread: LTC entity

    by Anthonyacat
    Replies
    13
    Views
    282

    Yes, a minute is required. Sorry, thought that...

    Yes, a minute is required. Sorry, thought that was clear from Wayne's message. No further documentation is required, like the old QC Re-election form.

    Regardless of whether shareholders change...
  9. Olly plugging commercial investment? Never...

    Olly plugging commercial investment? Never thought I'd see the day.
  10. Replies
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    3,272

    I'm of the opinion that replacing existing...

    I'm of the opinion that replacing existing insulation will generally be deductible, while in most cases insulating a property for the first time will be capital, and therefore non-deductible.

    I...
  11. Thread: LTC entity

    by Anthonyacat
    Replies
    13
    Views
    282

    Definitely talk to your accountant. There will...

    Definitely talk to your accountant. There will almost certainly be tax implications through deemed disposal of LTC assets.

    But in terms of actually changing shareholding, there's no 'LTC...
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    2,809

    One of my clients has recently negotiated a two...

    One of my clients has recently negotiated a two year interest only period on a commercial loan. Though the total loan term is still only 15 years, so the P&I will be pretty crippling come early 2019.
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    185

    Short answer, no. You haven't understood...

    Short answer, no. You haven't understood correctly, and there'd be no tax in most cases given the above scenario.

    I'm working remotely at the moment and I don't have time to cover in full I'm...
  14. In fairness, Bob didn't say it can't happen, just...

    In fairness, Bob didn't say it can't happen, just that it'd have to defy gravity. Things defy gravity all the time. Ever jumped?
  15. Replies
    2
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    354

    Hi Jack Your accountant doesn't necessarily...

    Hi Jack

    Your accountant doesn't necessarily need to be in Dunedin. My practice currently services clients as far south as Christchurch, and as far north as Monaco - would be glad to extend that...
  16. Replies
    20
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    987

    Don't look at me - I'm an accountant. Talk to a...

    Don't look at me - I'm an accountant. Talk to a broker!

    You'll either get confirmation that your broker is in fact the best, or you'll get a new financing option.
  17. Replies
    2
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    276

    Or could be 2 weeks rent plus one week letting...

    Or could be 2 weeks rent plus one week letting fee.
  18. Replies
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    987

    Find another broker. I know there are people...

    Find another broker. I know there are people getting 80% lending on investments right now. May be less favourable rates, but still historically low.
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    987

    As far as RBNZ and IRD are concerned, we're just...

    As far as RBNZ and IRD are concerned, we're just investors, not business owners. Do you want to start paying ACC on your rental income?
  20. Replies
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    987

    I can't see why it wouldn't. Though they could...

    I can't see why it wouldn't. Though they could probably require you be GST registered and claim GST on the property/charge on the rents.

    But then, I can't even be sure whether the consultant at...
  21. Replies
    20
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    987

    I've recently been advised by ASB that business...

    I've recently been advised by ASB that business lending can be exempted from the LVR restrictions, despite being secured over a residential property.

    Not entirely clear how true this is, and can't...
  22. Fascinating! I had no idea. I do get the...

    Fascinating! I had no idea. I do get the occasional spam email, but they're easy enough to delete. Would much rather do so than having to disguise my address each time.

    Is only a matter of time...
  23. Replies
    4
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    306

    I have never heard of this. Posting to get...

    I have never heard of this. Posting to get notifications of other responses.

    But, the good thing about commercial tenancies is they are no where near as regulated. My understanding is you can lock...
  24. Pretty much central. Avenue Road, near Murphy...

    Pretty much central. Avenue Road, near Murphy Park. Walking distance to everything you need. Except a good supermarket. <10 min drive or <15 min cycle to Sylvia Park.

    3bed house, a shade under...
  25. Otahuhu is a great option. I've just bought there...

    Otahuhu is a great option. I've just bought there myself in January. It's got a reputation as a poorer area, but I have a feeling that'll be changing in the mid term future.

    As Nick says, there's...
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