New KIWI SAVER tax ..was it a grab?

[McDuck]

What was really going on?

Was it just a tax grab?

So annoying.

This argument that we need to standardize and treat everything the same holds no water with me.

Surely some organizations and schemes have a class all of their own -

because...

[sparxNZ]

A GST registered company purchases a residential property operating as a lodge which provides taxable supply accommodation. The sales and purchase agreement is inclusive of GST and not plus GST if any. The sale price is $1M inclusive of GST, the company is noted as GST registered on the S&P....

[steamroller]

Hi team,

I'm looking at buying a section and building a house and would be looking to rent it out as a holiday rental primarily, using it myself for a month or so a year, possibly retiring there eventually.

My thinking is that it would be best to avoid the GST net if possible...

[jack2016]

I'm trying to sign up for a Bunnings and Mitre 10 trade account but get stuck because I don't have a GST number.

Out of curiousity, how much discount do i get if I am a trade customer? ie how much am I missing out?

Any way around not having a GST number?

Thank...

[Crossover]

Can anyone please recommend a specialist who can advise me on GST issues on a property development?

[jack2016]

Hi if you bought a property (no GST) and then rented it out and it turns out you are getting over 60k a year then you need to register for GST ...

What happens when you then sell the property - will you have to pay GST on the profit from the property?

Let's assume it is just...

[jack2016]

Hi I have a few questions that I don't know where to start - could I please list them numerically?

1. Accountant says to use something called "banklink" to link bank account and credit card. Are there any reasons why I shouldn't?

2. I was told by the clerk to use...

[jack2016]

Hi I have been looking at a section and the vendors are a holding company and is GST registered. Naturally they want me to pay the GST.

Now could I ask a few questions about figuring out how much they paid.

If homes.co.nz says the previous purchase price was X amount, assuming...

[JBM]

I'm currently looking at a small shopping center that the vendor wants to sell inclusive of GST - says he's not registered for GST

there are two small shops one tenant fixed term lease pays + GST + outgoings

the other shop pays every two months covers all costs not reg...

[Rosco]

IT'S AMAZING HOW OFTEN THERE IS CONFUSION OVER THESE SIMPLE GST SCENARIOS







SCENARIO 1: You are looking to buy another investment property (PropertyA) that you will use for short term accommodation (e.g. Air BNB, holiday rental). Income will...

[flyernzl]

I own a number of residential rental properties in my own name, most of which I have owned for many years.

I also have one residential property, bought this year, now registered in the name of my company (sole Director and shareholder). I have done this in order to utilse the tax...

[TurnipOrange]

If I rent a property which has a house and land for my business, Say 50% is the house and 50% is the land for my Income. Would the Land part of the Rent have GST I could Claim back?
Thanks for any help

[wfa]

Hi there

I'm just starting out in the commercial world and have a very basic question:

When doing rough calculations to determine yield, do you include or exclude GST? for example if the rent is stated as $70k pa net + GST, would you take the $70k, or $70k + GST as income to...

[RayL]

Hi,

I Bought a zero rated apartment, and also sold it zero rated to another GST registered buyer. For the GST paid to the agent, can I claim GST credit for it i.e consider the agent commission as part of the 'Purchases and Expenses? The GST portion of the commission exceeds the gst on...

[HattrickNZ]

I am trying to understand the process involved in buying and selling a business and whether it is worth being gst registered.
I am trying to understand it best from the buyer and seller and then from from the buyers perspective when they try and sell again in future.

To help me explain/understand...