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Not sure the purpose of the poll. I think most property investors would think that the government should change the rate of depreciation for investment properties - to 5000%pa (or more) !!!!
Julian
Gimme $20k. You will receive some well packaged generic advice that will put you on the road to riches beyond your wildest dreams ...yeah right!
I think the government should increase the depreciation rate to reward us for doing a good job in providing quality accomodation as more and more of the population decide to rent instead of owning a house.
The only change I want to see is clarification. Currently the rules are too vague. Just make then more concrete, so we know what we can and cant claim, and I would be happy. No need to change rates.
It's hard to argue with Andrews comments .... So I won't. In fact I endorse them.
The biggest problem appears to me to be that the IRD have set up a set of depreciation scales and then blithely goes ahead turning down claims based on those scales. This causes unnnecessary grief for people who are trying to do the right thing. I accept that these comments are an exageration of the actual situation but you get the idea.
Once things have been set in concrete investors are able to claim with reasonable surety that, like the IRD, they are being "fair". They can also make informed decisions on how their investments are performing.
Bottom line ... firm up the scales and most investors will be satisfied.
Counter cyclic means always swimming against the tide
I think the government should increase the depreciation rate to reward us for doing a good job in providing quality accomodation as more and more of the population decide to rent instead of owning a house.
I'm of the same opinion... didn't Australia mess with their depreciation rates and investors left the market in droves??
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