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  1. #21
    Join Date
    Jun 2005
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    Auckland
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    5,063

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    They confirmed that if the study had treated other assets that also had a capital growth component the same way they treated rental property, then rental property would actually have a higher marginal effective tax rate because of local government rates.
    i.e Property Investment is taxed in the same way as other businesses + the addition of rates.
    DFTBA

  2. #22

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    Quote Originally Posted by cube View Post
    i.e Property Investment is taxed in the same way as other businesses + the addition of rates.
    correct - and the inability to claim GST paid on anything as rent doesn’t attract GST.

  3. #23

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    Quote Originally Posted by Don't believe the Hype View Post
    There is often much negative comment about what the Property investors associations are doing to dispel incorrect information.

    I think we should recognize good work when it's done. Here is a piece in the NZ Herald that covers off the ongoing myth of tax advantage in property. Well done Andrew.

    Now the challenge is to ensure the PR around this message is maintained.

    https://www.nzherald.co.nz/index.cfm?objectid=12081596

    The one element i think was missed - which might become phase 2 of the story is that all the work paid from by property investors attracts a GST payment (tax paid) that is not claimable due to rents not including GST. While this is not a push for rents to include GST it shows a further TAX disadvantage to property investment over other businesses.
    Good point about the GST. I see the big problem being the outlandish media bias against the general "run of the mill" conservative person and capitalist which usually would include your average landlord .The country is being pushed into Marxist leftism; look at the NZ Herald you couldn't get a job their if you said you would have voted for Trump over Hillary .


 

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