News

Budget Released – What Impact Will This Have on Residential Property Investments?

ByLiam O'Boyle

The budget yesterday didn’t contain any major surprises in relation to Residential Investment Property than what was indicated prior to it’s release.

Depreciation on the building will no longer be allowed but is still available on carpets,stoves, fridges, curtains, blinds, water heaters, hot water cylinders plus stand alone cupboards and wardrobes.

Accurate chattel valuations at the time of purchase will be very important.

Offset of losses against other taxable income is still allowable but the use of these losses to inflate working for families eligibility and payments will be prevented.

Residential Property Investment will remain an attractive long term option.

Up to Date

Latest News

  • Government Hits Reset Button on KiwiBuild

    Nearly two years after its launch, the coalition government’s failing KiwiBuild initiative has received a reboot that will see the lofty target of 100,000 homes built in ten years abandoned. Today, we’re going to look at what the reboot involves and what it means for New Zealand’s housing market. … Read more

    Read FullPost

  • Landlords Fined for Breaching New Insulation Laws

    Landlords are being taken to court by their tenants for failing to meet the new insulation regulations introduced in July. One such case sadly involved a Bay of Plenty family whose young child suffered health issues while living in their rental property, which wasn’t insulated to new standards. Why … Read more

    Read FullPost