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APIA Blog

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30-Apr-2019

Kelvin Davidson: The tax ring-fence is unlikely to cause a sea-change in investor behaviour

From April 1st the tax ring-fence for rental property losses needs to be accounted for by investors. It is currently going through the ‘bill to law’ process, which starts with a select committee and then ends up before Parliament for the final stage. In other words, although it’s not law just yet, it looks pretty likely to pass and once approved will apply to the current tax year (end... read more

Q&A

16-Apr-2019

More roadblocks to ringfencing?

This week's question comes from Tania (paraphrased): Now that submissions have closed for ring-fencing, what happens next? Is there anything else investors can do to stop it from becoming law? Andrew King from the New Zealand Property Investors' Federation kindly replies below: Public submissions on ring-fencing have closed, so our opportunity to have input into the matter has of... read more

Guest blog

15-Apr-2019

Kristine King: A 101 on Rent-to-Buy

Rent to buy can be an option to purchase a home when you are not in a position to borrow from a bank and purchase on the open market. However, there are several issues that vendors and purchasers should consider. Securing the Purchaser’s Occupancy The purchaser has a beneficial interest in the property, which gives them a right to caveat the title to the propert... read more

Q&A

11-Apr-2019

How safe is Google Drive for storing banking and investment documents?

This week's question comes from Alex (paraphrased): Is it safe to use Google Drive to store all of my banking and tenancy/investment documents? How often should I change my password? Vijay Nyayapati from Redbrick Technology Limited kindly responds below: Google Drive has been strong on security, provided you follow their recommendations such as having strong passwor... read more

Tribunal case study

10-Apr-2019

Reasonable compensation for early termination

Concerning Hood, Angela Julie vs First National Marlborough Limited [2019] NZTT Blenheim 4180394 The issue What can a landlord reasonably recover from a tenant for terminating a fixed-term tenancy early? The facts - The fixed-term tenancy between the two parties was reduced and terminated early at an earlier hearing by an interim order (presumably under s66(1) of the RTA). - Th... read more

Editor's Choice

04-Apr-2019

Dear Finance & Expenditure Committee,

It is 6 pm and I start work at my second job, the one I am doing to make sure I can provide for my own retirement and I’m not solely reliant on the government to support me. I am a painter, kitchen builder, curtain hanger, and cleaner also known as - property investor. I continue working until about midnight, then go home and get a few hours’ sleep to do it all again tomorr... read more

Guest blog

03-Apr-2019

Peter Lewis: What can you deduct?

Given the ongoing publicity and often heated discussions, all landlords should by now know that there are a number of mandatory upgrades and enhancements that will be required for all residential rental properties over the next few years. We have already passed the date when it became compulsory to install smoke alarms in all such properties, and we are very near the time... read more

Tribunal case study

02-Apr-2019

Osaki protection not afforded to Airbnb tenants

Concerning Tobin, Jackie vs CHEN, JIANQING [2019] NZTT Auckland 4172141 The issue Whether tenants are afforded the Osaki protection for damages caused by Airbnb sub-tenants? The facts - Mr Chen rented two apartments from Ms Tobin for a period of time until 21 October 2018. - Mr Chen had never occupied either property and instead, on-leased both as Airbnb rentals with the knowledge and ... read more

Q&A

01-Apr-2019

CGT on family homes with rent-by-room

This week's question comes from Tina (paraphrased): The TWG report recommends that family homes be exempt from its proposed CGT. If I sell a family home which has had rooms rented out over a period of time, would I have to pay CGT on the sale or a portion of the sale? Amanda Watt from Shortland CA kindly responds below: Based on the TWG's final report - you will ... read more

Q&A

25-Mar-2019

Is remedial insulation deductible?

This week's question comes from Ron (paraphrased): What is the tax treatment for remedial insulation on a rental property where existing insulation is going to be topped up (i.e. part repair part improvement)? Mark Withers from Withers Tsang kindly responds below: The government has not assisted the push for better insulation of Kiwi homes by failing to clarify the capital/revenu... read more

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