Fixing Our Housing Problem

The government need to treat investors and developers as the solution, not the problem. Supply is the long-term solution – and it comes from developers and investors. You need both. The investors buy the assets from the developers. If the government continue to make it too hard and annoy property owners (the “landed gentry”) withContinue reading “Fixing Our Housing Problem”

What can I claim as a tax deductible when I am in business?

Apart from a few special rules, any cost necessary to run your business will probably be tax deductible.  However, there are a few things to be aware of – some items that you might assume could be claimed can’t be, and conversely, there may be others you didn’t realise are legitimate expenses. General If youContinue reading “What can I claim as a tax deductible when I am in business?”

Interest Deductibility — NZ Government — Update

On 10 June 2021, the Labour Government opened up a five-week consultation period on the new interest deductibility rules. They have released a Design of the interest limitation rule and additional bright-line rules discussion document which is lengthy and quite detailed, and reveals some interesting thinking, some of which I think is surprisingly taxpayer friendly. On first lookContinue reading “Interest Deductibility — NZ Government — Update”

New Tax Changes

I’m seething about these tax changes and it’s not just the fact that Labour lied to us; it’s the whole bigger picture and the implications for ordinary New Zealanders.  This Government is attacking middle New Zealand with all these housing initiatives and tax reforms – it’s mums and dads being hit, not property oligarchs. AccordingContinue reading “New Tax Changes”

Breaking News: Government introduces bright-line and interest deductibility changes

As part of the Government’s property policy announcements today (23 March 2021), there are two significant changes to tax rules that will impact residential property investors. Extension of the bright-line period Currently the bright-line period for residential property is five years. For residential properties acquired on or after 27 March 2021 that period will increaseContinue reading “Breaking News: Government introduces bright-line and interest deductibility changes”

Restructuring?

When the 2022 income year commences on April 1 2021, the government’s new highest personal marginal tax rate of 39% will be in effect. This rate of income tax applies to individuals on income that they earn in excess of $180,000. It is likely that the implementation of this new tax bracket will lead toContinue reading “Restructuring?”

Tesltra – Buy for Yield | Briscoes | James Hardie

TELSTRA (TLS:ASX / TLS:NZX) BUY: Yield StableTelstra shares have reacted favourably after reporting its 2021 half year result. The telco giant reported a -0.4% decline in total income to $12 billion and a 14.2% reduction in underlying operating earnings (EBITDA) to $3.3 billion. The latter was largely due to an estimated in-year NBN headwind ofContinue reading “Tesltra – Buy for Yield | Briscoes | James Hardie”

New Zealand’s Housing Markets

Strong demand for housing, extreme shortage of listings, strong interest from overseas buyers inc. expats, some buying sight unseen. Strong sales in the high-end bracket $3 to $6m. Swamped with buyer enquiry. Everyone seems to be clambering to get a slice of the action. Bare land, sections, new builds existing houses. All attracting huge buyerContinue reading “New Zealand’s Housing Markets”

Growth Supporting Factors

Interest rates We have probably seen the lows this “cycle” for wholesale borrowing costs a month or so ago. Rises from here are more likely than declines, but those rises will be capped by central banks around the world adopting a deliberate risk preference. A number of central banks have stated that they prefer toContinue reading “Growth Supporting Factors”

Stock Market Update

Global markets were mixed overnight (S&P 500 Index +0.5%) as US stimulus talks, jobless claims and a surge in coronavirus cases across Europe kept financial markets cautious.  The number of Americans filing for state unemployment benefits last week dropped more than expected to 787,000, but remained stubbornly high. The market rebounded off its earlier lows afterContinue reading “Stock Market Update”