ACC levy for retired person has a rental income?

[Chelsea]

Hi there
My parents just received a 2020 ACC levy invoice.
They have a LTC company set up to manage the rental property, but both of them are retired and over 70, are they still liable to pay ACC levy? Is this because they are the owner of LTC so liable to pay ACC?
If the rental...

[deechnz]

Hi,

Just wondering if I can claim all the same expenses as a tax deduction that I currently do with a normal rental property (e.g. mortgage interest, R+M, rates, insurance etc) if I operated the house with airbnb?

The house would obviously still be an investment for me, but...

[artemis]

I know that costs incurred soon after buying are capitalised but is the reverse true? Currently tidying up a rental for sale - maintenance, (part) redec in and out, general flossying up - and am assuming costs can be expensed. Is that correct?

Also I realise that costs in the year of...

[coolbananas]

This might be a bit of a random question.

My LTC owns a property in Wellington. I live outside of Wellington.

Do I have a right to vote in the Wellington elections because I pay rates in Wellington? Or technically it's the LTC that pays the rates therefore am I unable to vote?...

[Keys]

A comment I read somewhere led me to think. If the IRD does not allow depreciation of assets on a rental property, can the Tenancy Tribunal use depreciation rates to minimise the cost to the tenant for destroying said (un-depreciable) assets.

[chrisgoh]

Planning to install ventilation system in my rental property.

Considering HRV and Smart Energy, which is better?

Any advise on the pros and cons of ventilation system? Is it effective in reducing mould and dampness?

Thanks!

[benedwar]

Can you legally rent a home that has no code of compliance?

Does anyone have knowledge of this or where to approach to find out?

Thanks

[nicko54]

Hi all,

I am looking at buying a rental property but have realised if I do this I will have no equity left to extend my current house.

Has anyone ever got a loan based on the future value of a house after an extension? are these feasible as an option?

Any t...

[Phi]

Not sure where things stand on this one.

The lights in one section of the house blew (apparently the fuse went early one morning, old type with the wire wrapped around that plugs in). Tenant doesn't contact me but contacts a friend who has some of her own properties and a handyman goes...

[Akl_New]

Recently bought a house where previous owners converted the lower level from a rumpus to a minor dwelling in 2004. (studio with bathroom and kitchen)

It ended up getting a CCC for the bathroom, but the consent application for minor unit ended up being retracted as there were structural...

[muppet]

.
Read more in the Granny at
http://www.nzherald.co.nz/nz/news/ar...ectid=11626503...

[Bennyh69]

Good morning,

I just need some help and advice please,

Is it legal to knowingly rent a property without a CCC?

We find ourselves in a situation where we have been living in a rental property for 93 weeks of which 74 weeks without a complete property to enjoy....

[RoyalRoseProperties]

This time, we’re not talking about the kind with two legs and a history of rental fraud.
A large cockroach standing on the top of an Apple computer monitor.Pests — roaches, ants, vermin, termites, and so on — can be an extraordinary annoyance at some rental properties (and then mysteriously...

[RoyalRoseProperties]

All the better to make your investment back and start pocketing profit!
Every year, millions of real estate investors spend more on taxes than they need to, because they don’t understand just how many tax deductions are available for a rental property. There’s not nearly enough room in a mere...

[RoyalRoseProperties]

It’s hard enough when you’re screening the actual tenants — having complete strangers on your property is a straight-up no-go.
AirBNB, and similar services like VRBO and wimdu, allow someone to rent out a property they control by the night. This is great for homeowners looking to get some extra...