Originally posted by PC
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Ring Fencing Matters
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Originally posted by big fella View Postreally ? wont they need NZ First as a coalition partner to be in power based on recent polls ?
no one knows what Winston is going to do
So many now talking as if the election has happened.
I'm over it really - I'm voting tommorrow and then bury my head.
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It's the same for me as every election. At most I support less than half of every party's policies. So I'm left wishing I could pick and choose bits of each, while being balanced and cost realistic of course. The more they open their mouths the more I sway the other way. A blindfold and wild stab at the voting paper is in order I guess.
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Originally posted by Learning View PostIt's the same for me as every election. At most I support less than half of every party's policies. So I'm left wishing I could pick and choose bits of each, while being balanced and cost realistic of course. The more they open their mouths the more I sway the other way. A blindfold and wild stab at the voting paper is in order I guess.
Funny how some seem to support all that their party does. Or at least, they're totally definite about which party is best for them. Maybe means they are voting on one issue?Squadly dinky do!
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I've done 4 different "how do I think" quizzes and been told I should support TOP, ACT, National and the Greens.
The last one gave percentages and I agreed with 61% of one party, 60% of another, 57% of another and 54% of another.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Originally posted by Perry View PostPopulist BS. Right up there with Lanthanide's sophistry. No, I don't miss the point. Here's a post from a PT discussion thread on the topic. Here's an excerpt from that thread:
OK, I give in. What is "Lanthanide's sophistry"?
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Beguiling BS
A sophistry is a clever, possibly ingenious rationale advanced in a debate but is something which is actually fallacious or deceptive. Or possibly both.
An example is that insulating houses will make them warmer and drier. It does not, but that sophistry sounds good and the do-gooders rely on the bulk of the populace being totally blind to their BS. All insulation does is slow the rate of transfer of heat or cold between two points of differing temperatures. Insulation may even increase dampness in a home, under certain circumstances.
As Peter observed in this post, all the insulation did in that case was produce a cold-but-insulated house. (Post excerpt below)
Lanthanide is the screen name of another PT Forumite.
Originally posted by flyernzl View PostThe tenants were home, sitting inside the house bundled up in jackets and blankets. Visible moisture was running down inside the windows pooling on the windowsills that had recently been painted. All in all, a picture of misery and discomfort.
Now this was at a house where just 18 months ago I had paid out quite a substantial sum to have new ceiling and underfloor insulation installed up to current standards and also had a heat pump installed. I am talking multiples of thousands of dollars invested here, and now there were my tenants squatting and shivering.
This should not be. According to Dr Roger Tuck and Prof Howden-Chapman all I had to do was to put my hand deep into my wallet to pay for all this work to be done and my tenants would then, for all time, be living the life of Riley in a cosy warm house, their children happy and healthy and no longer being a burden on the public health system and the taxpayers pocket. I am told that this must be true, as Phil Twyford agrees with them.
So why has this utopian dream failed so dismally? When in doubt, ask the tenants, so I did. “Oh, we can’t afford to run the heatpump, it costs too much,” they replied. So there you have it. Contrary to the often stated and firmly held myth, when you insulate a cold house you then actually have a cold insulated house.
LLs do not get "tax breaks." Like all other for-profit businesses, LLs get to deduct their expenses from their total income and pay income tax on the remainder. So all for-profit businesses get [so-called] tax breaks, which in reality is not a 'break' of any kind other than a break from the truth.Last edited by Perry; 13-09-2017, 10:27 AM.
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Originally posted by Perry View PostLLs do not get "tax breaks." Like all other for-profit businesses, LLs get to deduct their expenses from their total income and pay income tax on the remainder. So all for-profit businesses get [so-called] tax breaks, which in reality is not a 'break' of any kind other than a break from the truth.
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The main advantage we do get is a land-friendly banking environment, allowing us to harvest the capital gains efficiently.
Good luck to anyone borrowing anything on a nice safe diversified share fund*, or more than 30-50% on the purchase of a profitable business.
*aware you can margin lend on specific stocks, but that's insanely volatile)Last edited by Anthonyacat; 13-09-2017, 02:51 PM.AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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Originally posted by Don't believe the Hype View PostAnthony - you can add to your tax disadvantage list the fact we pay GST on everything but as landlords we can't claim any of that cost back as we don't charge GST on rent.
I think I would have paid $100k+ GST this year and can't claim a cent!!
I wonder can the banks claim back GST on their costs, given most/all of their revenue is GST exempt also?AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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Originally posted by Don't believe the Hype View PostAnthony - you can add to your tax disadvantage list the fact we pay GST on everything but as landlords we can't claim any of that cost back as we don't charge GST on rent.
I think I would have paid $100k+ GST this year and can't claim a cent!!
Let's face it - if tenants would pay 15% more for rent (GST) then we'd be charging them already, not waiting for the GST excuse.
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