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Peter Lewis: Property and tax

A reply to those who claim investors have a tax advantage by APIA Vice President Peter Lewis: Consider the analogy of a Motel owner verses a Residential Landlord. The Motel owner rents accommodation by the night. The Landlord rents accommodation by the month or by the year. The Motel owner is in business. As such, he is required to pay income tax on any profit (his ren...
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{{name}} - APIA Auckland Property Investors

Tuesday Catch Up: 7 things we are keeping an eye on this week

... cos we simply had to take Monday off to recover from the latest Reserve Bank blow... 1. Before we unleashed the doom-and-gloom, can we please take a moment to marvel at the awesomeness that is Brandon Lipman? 2. Ok so back to business, late Friday afternoon the Reserve Bank served up another wham-bang at the investors community by hiking the cost of borrowing for non-occupying property ...
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{{name}} - APIA Auckland Property Investors

CGT - Lunacy much?

Just this Sunday, Labour's David Cunliffe was on Q+A lambasting a tax regime that hands out tax free capital gains to property speculators as nothing but pure lunacy. And he would not be wrong. Problem is, he is wrong. In a press release issued yesterday, the New Zealand Property Investors' Federation Executive Officer, Andrew King, rightly pointed out, 'Those who buy and sell property are ...
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