Interested in Property investments ?
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| 1 | Well, most people invest in property to make some money on it ""one day" , or be able to live and afford a nicer home one day down the track............ Well, if you think a nice home costs about a million $ or more,( probably a lot lot more ( The way governments borrow and print money all over the place = inflation) you could be paying dearly for it in the future! As a 1%-2% wealth tax is back on the table. by the look of things. https://www.greens.org.nz/green_party_proposes_transformatio argentum47 - 2020-06-28 23:38:00 |
| 2 | What are the chances of this policy actually happening? None. What are the chances of some of it happening under a Labour / Green government? Excellent. artemis - 2020-06-29 07:25:00 |
| 3 | Just another tax for the tenants to pay. pcle - 2020-06-29 08:00:00 |
| 4 | pcle wrote: . Exactly,the Green Party has been hijacked by some Extremists ... but as someone said if they join up with labour you can’t rule it out..... besides labour has borrowed billions of $$$$ and any cash they can get there fingers on will be welcomed with open hands so with massiv inflation just around the corner, house prices will be pushed up and everyone will own a multi million $ home soon ????. And it won’t be just the renters that wollne asked to pay the 1-2 % wealth tax argentum47 - 2020-06-29 10:43:00 |
| 5 | pcle wrote:
Green with envy, not environmental concerns. amasser - 2020-06-29 11:41:00 |
| 6 | If they wanted things to really take off they would drop the corporate tax + go after the tax cheats. Targeting people with over 1,000,000 seems to be badly considered. I like the idea of the ACC reform...too many are ending up on welfare because ACC is refusing cover and the applicant can't afford to appeal sweetgurl108 - 2020-06-29 11:55:00 |
| 7 | Sooner or later the govt will be forced to do some type of wealth tax. Probably the first area to look at would be the pensioners who have income from other sources (much like Australia). How else do you expect the children and grandchildren of the pensioners are going to pay for keeping all their parents and grandparents alive and free from covid? Can’t have everything. lakeview3 - 2020-06-29 12:43:00 |
| 8 | The Greens need to go though. Their policies aren’t focused on the environment. They have lost their way. They are trying to sneak through changes to the births deaths and marriages law which will mean men can identify as women and then gain access to special women’s spaces, women’s sports and language specific to women. It would have happened already except that Tracey Martin (thank goodness) put a stop to it. People need to educate themselves. lakeview3 - 2020-06-29 12:48:00 |
| 9 | sweetgurl108 wrote:
No fee to appeal a decision and don't need a lawyer either. Sounds like Greens want the same ACC compensation to apply to all, accident or not. Perhaps they don't realise that ACC is an accident insurance scheme and workers and taxpayers pay premiums. Maybe workers and taxpayers would be happy to pay increased premiums. artemis - 2020-06-29 13:11:00 |
| 10 | Reward those that put no effort in, $120 a week more for meme6 - 2020-06-29 17:38:00 |
| 11 | Here is something interesting ........ : Lets say you are 30 years old, and just upgraded your home , and lets say you paid $1mill for it 2020 ( not that you get something very special for that kind of outlay) Next you work your arse off and when you are 65 and ready to retire ( 2055) you home will be worth then $2.97Million......( thats based on historical inflation in NZ) have a play around go to : https://www.rbnz.govt.nz/monetary-policy/inflation-calculato Now those clowns from the Green party expect you as a retiree to pay 2% on the $2mill Home every year = $10,000.00 So how do they expect you to pay that one ? send your weekly pension Chq> back to them? Jesus, do they have any Brains? and yet, we have people that would vote for something like that ! Unbelievable Edited by argentum47 at 6:48 pm, Mon 29 Jun argentum47 - 2020-06-29 18:46:00 |
| 12 | argentum47 wrote:
The Greens said if people can't pay they won't have to but a debt against the property is created until it is sold. I wonder what interest would be charged. Heard Mr Shaw on the wireless today. Honestly he was hopeless, and I suspect he doesn't actually believe in the policy. artemis - 2020-06-29 18:59:00 |
| 13 | Get rid of the Greens anyway they want to legalise cannabis - idiots lakeview3 - 2020-06-29 19:30:00 |
| 14 | artemis wrote: Well the funny thing is, its more or less a " Capital Gains Tax " and J-Taxinda would love it, after all she, said she still would like to have it implemented, put due to political pressure she could not get it though. What I find so unbelievable , is that someone actually wants to tax inflation? the only reason a house ( or anything else for that matter gets more expensive , is because they stuff you use to pay for it becomes worth less and less over time. Just turn the time back 20-30 years and if you saw 20cents or a 50 cent piece on a footpath, you probably would have made the effort to stop, bend down and pick it up , because you could buy something with it. Now if you see a $1coin on the floor, well you start to think is it worth picking up?. Why on earth do we have such clowns in Parliament and pay them $100's of thousands of Dollars to keep them there, surly Kiwis cant be that stupid....... argentum47 - 2020-06-29 19:36:00 |
| 15 | Like your thinking meme6--quite true. frank1 - 2020-06-30 21:30:00 |
| 16 | Well, according to today paper, https://www.oneroof.co.nz/news/38087 its a good time to buy a Rental in Auckland, due to the " historical low interest rates" Yaaaa, sounds good, until the historical high interest rates come along,,,,,,, and bite you in the bum..... a few years down the track. argentum47 - 2020-07-01 12:05:00 |
| 17 | argentum47 wrote:
you realise you only pay on the value above the million dollar mark and both you and your partner qualify so you would be paying on the$ 970 000 What made me laugh was he said it was ok for most punters as they would still be paying a mortgage and that means you wouln't have to pay tax until your mortgage was paid off...Well there's a fine incentive to pay off the mortgage so you can afford to pay more tax...lets do that shall we. scuba - 2020-07-02 20:41:00 |
| 18 | What about investments into an apartment complex that lets out to the holiday market with a inhouse management group that handles everything from advertising,letting cleaning . Tax deductable expenses would include the management fee,(advertising,cleaning approx 50% of gross rental,), body corp fees,rates, electrical power,special cleans ,damage. Is that correct? radar51 - 2021-05-04 22:31:00 |
| 19 | amasser wrote: apollo11 - 2021-05-04 22:37:00 |
| 20 | This message was deleted. andrew697 - 2021-05-05 06:12:00 |
| 21 | You do have to wonder who is going to do the work to make all of this possible. Covid has left an impression that this is now possible without dire consequences further down the track. laurelanne - 2021-05-05 07:25:00 |
| 22 | lakeview3 wrote:
Like what income? I am a pensioner with "income from Aus". It is a small pension because I worked there for a while. The income from that pension goes direct to MSD until/unless it is more than the NZ Super when the balance would come to me and NZ govt would be paying me nothing. tony9 - 2021-05-05 08:13:00 |
| 23 | andrew697 wrote:
You are right, but what Sweetgurl was pointing out is also right - ACC have to assess the claims (fair enough - there are too many crooks out there) then often decline or "review" legitimate accident claims so that the person who had the accident is left disabled because they didn't get the treatment they needed when they needed it. They end up disabled and on long term welfare because of this. raewyn2 - 2021-05-05 08:30:00 |
| 24 | tony9 wrote:
That's interesting to know and sounds reasonably fair, depending on how the tax structure works between the two countries. The problem here is the people in NZ who see our super as some kind of benefit that only poor people should have rather than understanding that we have paid this specific tax all our lives and are entitled to it. I wonder how they would feel if they got to 65 and were told "nah, you can't have your kiwi saver, you have worked too hard and now have more money than you need". Slightly different system but the principle is the same. raewyn2 - 2021-05-05 08:36:00 |
| 25 | This message was deleted. andrew697 - 2021-05-05 08:59:00 |
| 26 | Yes, that's the problem. We gave up the right to sue in exchange for a universal system that doesn't treat people fairly. raewyn2 - 2021-05-05 09:48:00 |
| 27 | I was a photographer for several years in the '90's. We used to pay a swag of ACC levies. Why? Because photographers sometimes fly in helicopters, therefore 'dangerous profession'. apollo11 - 2021-05-05 10:00:00 |
| 28 | scuba wrote:
It's *totally* fine - they'd just force you to sell your home or to get a reverse mortgage... loose.unit8 - 2021-05-05 10:10:00 |
| 29 | lakeview3 wrote:
I'd agree with you - except that legalising cannabis makes sense in about a hundred different ways. Plus you'd have to get rid of Act and Labour as well if you're getting rid of parties in favour of drug reform. Edited by loose.unit8 at 10:12 am, Wed 5 May loose.unit8 - 2021-05-05 10:12:00 |
| 30 | raewyn2 wrote:
'Fair' is subjective of course. ACC has to decide based on the rules, and people can appeal. People often win. Rules can be changed. There is a process for that. artemis - 2021-05-05 11:54:00 |
| 31 | Seems like everybody will have to run their home and record all financial transactions, just like a business - way beyond what most people want to do. If they did - they wouldn't mess around on a salary or wage, they would actually be in 'business' - even if it were by being a 'contractor'. brouser3 - 2021-05-05 13:56:00 |
| 32 | radar51 wrote:
Hmm, probably more of a liability than an asset. In reality some of these complexes send the owner a bill for costs at the end of the month, not a cheque... lovelurking - 2021-05-06 08:55:00 |
