• 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: Anthonyacat

Page 1 of 20 1 2 3 4

Search: Search took 0.18 seconds.

  1. Replies
    37
    Views
    1,678

    Not sure in 2009, but certainly not today. Banks...

    Not sure in 2009, but certainly not today. Banks would take one look at someone with multiple credit cards and personal loans and decline further lending.
  2. Replies
    37
    Views
    1,678

    An excellent example! We have Zuckerberg saying...

    An excellent example! We have Zuckerberg saying exactly that.



    Not if you knew the future it wouldn't. Youd be finding places to do you margin lending (am sure it's much easier on US stocks),...
  3. Replies
    37
    Views
    1,678

    I disagree here. I don't see a mental disjunction...

    I disagree here. I don't see a mental disjunction (is this a word? if so it's a good one). Don't get me wrong, I don't think people are stupid to rent - though I am sure some are, as are some...
  4. Without seeing your books I can't comment on the...

    Without seeing your books I can't comment on the tax you're paying. But 'never getting anything back' from IRD is indeed a good thing - it means you're profitable. You only pay tax on profits, and...
  5. Replies
    921
    Views
    100,401

    Poll: Only missed out on of the didnt invest the funds...

    Only missed out on of the didnt invest the funds elsewhere. If put into just about any property (preferably higher yield) he would have got some, all, or more than that gain.
  6. What you do with your income is up to you! But...

    What you do with your income is up to you!

    But from a tax perspective, personal debt is not deductible, so costs up to 50% more than equivalent interest rate deductible debt. Makes sense to kill...
  7. The obvious first step for me seems to be talking...

    The obvious first step for me seems to be talking to a mortgage broker. TSB has said no, but someone else might say yes. You need to get funding from somewhere - a bank, a second tier, family and...
  8. Replies
    4
    Views
    417

    I've always found the vendor bid setup very...

    I've always found the vendor bid setup very unethical. They can only bid 'up to the reserve' but nothing stops the reserve being set at $5M, does it? Vendor bids a potential purchaser up to $900k...
  9. For Australian tax questions, best speak to an...

    For Australian tax questions, best speak to an Australian accountant. But my non-expert understanding is that your NZ rental becomes subject to CGT based on the value at the date you become an...
  10. Replies
    17
    Views
    2,467

    I did not. I went in and bought a "managed...

    I did not. I went in and bought a "managed business" which was an absolutely terrible idea and has gone horribly. Trying to get out of it for months now and will end up having lost $100-200k.

    But...
  11. Grew up in Opaheke. Is a nice enough place. But...

    Grew up in Opaheke. Is a nice enough place. But there was at least one house on the street that was known to be selling weed. This was 15-25 years ago so may have improved or maybe they're into P...
  12. Sorry for slow reply, the forum only just...

    Sorry for slow reply, the forum only just notified me of your post.

    By other stuff I mean like if you have a residential property with a carpark, and decide to rent the carpark separately, and/or...
  13. Yes very common and very not allowed. While he...

    Yes very common and very not allowed. While he will probably never get caught, if IRD ever asked he could potentially be asked to justify he reason behind every claim, and get some nasty penalties...
  14. Employees, Customers, Suppliers. ...

    Employees, Customers, Suppliers.

    https://www.ird.govt.nz/topics/income-tax/fringe-benefit-tax/entertainment-expenses

    Most small property investors will not have much if any entertainment...
  15. Nope, no other way. To get equity out is to apply...

    Nope, no other way. To get equity out is to apply for further finance. You apply for a revolving credit facility or offset loan (depending what your bank offers) and keep the cash in there so you...
  16. If the property generated income while in your...

    If the property generated income while in your ownership and while you were a NZ tax resident, is probably taxable in NZ as well as the other country. There may be a tax agreement preventing...
  17. Hi PT88 To start with, for a rental at $15k +...

    Hi PT88

    To start with, for a rental at $15k + GST you don't actually need to be GST registered. I would still usually recommend you do, but it's not actually required as total income is under...
  18. Replies
    3
    Views
    511

    Hey - not my area of specialty, but just thought...

    Hey - not my area of specialty, but just thought I'd answer this since no one else has.

    You will have a lot of trouble borrowing in AUD using an Australian bank on a New Zealand property. It's...
  19. Replies
    5
    Views
    673

    The last estimation I saw for freeholding a...

    The last estimation I saw for freeholding a cross-lease came in just over $30k for the whole project. Not sure whether that was at the high end or low end of complicated, was a client's work and I...
  20. I had a quick meeting with Kenyon from DuVal...

    I had a quick meeting with Kenyon from DuVal group a few weeks back. Build to rent is an excellent proposition for those with the means and experience to do so. I could absolutely see the big super...
  21. Replies
    10
    Views
    901

    Is out of most people's leagues - Beano can just...

    Is out of most people's leagues - Beano can just be a bit like that sometimes!

    But get 10-35 friends together and surely you can raise the $3.5M deposit to buy the place, no? Reckon I'd be in for...
  22. Hey Perry Proportion of tax take from income...

    Hey Perry

    Proportion of tax take from income tax has dropped markedly in that time. See table below, hope it comes out looking right.




    Year to 30 June:
    2008
    2009
  23. You're probably ok on this one. The Income Tax...

    You're probably ok on this one. The Income Tax Act section CB12 states that profits from a subdivision are taxable if the scheme is undertaken within 10 years of the purchase date. You've held it...
  24. Replies
    8
    Views
    641

    I did mention this directly prior to sham trust -...

    I did mention this directly prior to sham trust - I called it 'self interest'. But yes you've certainly unpacked the concept.
  25. Replies
    8
    Views
    641

    GRA are good trust-expert accountants, but you'd...

    GRA are good trust-expert accountants, but you'd probably be better talking to a lawyer.

    My good-but-not-quite-expert understanding:

    A: Yes I am fairly sure First Home status under Kiwisaver...
Results 1 to 25 of 500
Page 1 of 20 1 2 3 4