Capital Gains Tax on Property – the NZ Herald gets it wrong again!
The NZ Herald continue to report on housing issues, promoting capital gains tax as if it is the answer to all our problems. Aside from the pros and cons of capital gains taxes, why do they continue to report in a way that they already know to be untrue? Talk of tax advantages is raising it’s ugly head again despite all evidence to the contrary. In this blog, I clarify the tax situation for residential property investment and ask why so many commentators repeat blatant misinformation!
How to deal with an abandoned rental property
Sometimes when a tenant gets into rent arrears, they decide the best thing to do it to get out of town as quickly as possible.
Often, this means that they have left many of their precious belongings behind, such as dirty clothes, broken fridges, car parts and boxes of personal documents. As tempting as it is to dump the whole lot, is this how it should be handled?
Judy Morgan gives her views…
How to rent to immigrant tenants
Renting to someone from another country and a different culture can be confusing and frustrating sometimes, but it needn’t be that way. This article covers a few of the areas that you should be aware of where expectations may differ from your average NZ-born tenant. Be prepared to be a little more flexible and patient and you may get a great tenant you won’t want to leave.
2012 ANZ Property Survey Results Out Soon
The annual ANZ Property Investment Survey results (run in association with the New Zealand Property Investors’ Federation) have been compiled and I’ve just received my sneak preview. Nearly 2000 investors responded, which is a pretty good number considering what a disillusioned bunch most investors outside of Auckland have become! It has definitely been a testing few years after the global financial crisis of 2008. In fact many would say that the crisis hasn’t ended, with the USA in massive debt and European states wobbling precariously.
Fees review for Court and Tribunal services
Surprise! Fees are on their way up again. I have the dubious honour of being classed as one of the major stakeholders that may require a targeted consultation on the civil fees review. This is what their email says…
How to choose a good accountant for your property investments
Don’t assume that just because you’re talking to a Chartered Accountant that they know more about property tax than you do. Over the years, I’ve been surprised at how little some accountants grasp the most important aspects of structuring entities for property investment or even the basics of property investment itself.
