Renting out my home for a year. Should I put it in a trust?

[Perry]

You agent provocateur, you!

[Anthonyacat]

Would be interesting to try your CA for the opposite senario - was a rental, now a personal home so interest is still deductible even though there is no rent income.

Love this reasoning, Wayne. Such a simple way of pointing out the terrible logical hole. Though in saying that, the tax laws aren't always logical so it's not a bulletproof method.

[flyernzl]

Also don't forget that you will be required to Spend Money on significant upgrades to your home before it is legal for a tenant to live in it.
It's quite OK for you to live in an uninsulated deathtrap with no smoke alarms and minimal heating, but your tenant must not.

[Perry]

The Markets Will Beat You, Every Time (Nigel Farage to the EC)

Also don't forget that you will be required to spend money on significant upgrades to your home before it is legal for a tenant to live in it. It's quite OK for you to live in an uninsulated deathtrap with no smoke alarms and minimal heating, but your tenant must not.

I find myself in two minds about this.

First, as has been detailed lots of times, many generations of kiwis have been raised in state houses (and private rentals) that had an open fire, bare floors and no insulation of any kind. Why then are the current folks supposedly getting sicker by the generation? Too much Krummy Fried Crap and/or MacMalnutrition? Something else?

People who operate motels, hotels and camping grounds, etc., are held to a higher standard for what they offer than an owner-occupied home, so why not residential rentals? All are businesses.

If this sort of "the state / Labour will feather tenants' nests" syndrome gets too onerous, will the number of residential rentals decrease and those which remain go up in price? Many tenants rent because home ownership is out-of-reach or not wanted, so the idea that they will buy private rentals being sold is facile.

Will private LLs face rent controls as a consequence of a reduced number of residential rentals increasingly getting more expensive?

And so it might go on.

[amandalllr]

Also don't forget that you will be required to Spend Money on significant upgrades to your home before it is legal for a tenant to live in it.
It's quite OK for you to live in an uninsulated deathtrap with no smoke alarms and minimal heating, but your tenant must not.

Well, fortunately it is insulated and all that jazz.

I like a WOF for rentals; of course LLs should be made to insulate when it prevents the public health bill from being added to by respiratory diseases clearly linked to damp cold squalor.. I’ve lived in too many Dunedin flats...

Not sure what Labour is promising, but the joint Greens-National warm up nz programme (as part of their MOU in the previous term) was awesome, delivered its target under budget and ahead of time and helped offset costs for landlords

I accept that the original question has been thoroughly answered! Even though original CA still disagrees. Sigh.