There is more to the story than has been published
How did Kylie Klein-Nixon find her
Did Meredith find her or did Kylie find Meredith
The story is a promotional puff-piece
Hi Geoff. It's true landlords can't charge GST and therefore offset GST paid against it. My point is that income from wages is taxed 'twice' via income tax and then GST when it is spent. Landlords don't pay capital gains tax in any unrealised or regular way, and not currently at all if they sell after five years. Only taxed 'once' when they spend. Although the surplus can also be recycled into more property untaxed, rather than spent.
And yes I am a landlord and rent out the house we used to live before we moved into the CBD to live in an apartment. I have decided to 'join 'em, if I can't beat 'em'. cheers
Investment Property Consultants
https://www.investmentpropertyconsultants.co.nz/
There is more to the story than has been published
How did Kylie Klein-Nixon find her
Did Meredith find her or did Kylie find Meredith
The story is a promotional puff-piece
There are many statements that are incorrect in this piece such as landlords don't pay GST.
If being a landlord is so marvelous why hasn't Bernard Hickey become one.
Hi Geoff. It's true landlords can't charge GST and therefore offset GST paid against it. My point is that income from wages is taxed 'twice' via income tax and then GST when it is spent. Landlords don't pay capital gains tax in any unrealised or regular way, and not currently at all if they sell after five years. Only taxed 'once' when they spend. Although the surplus can also be recycled into more property untaxed, rather than spent.
cheers
And yes I am a landlord and rent out the house we used to live before we moved into the CBD to live in an apartment. I have decided to 'join 'em, if I can't beat 'em'. cheers
True, but this applies to any asset that increases in value with time including the family home.
Thanks Iconoclast. Yes. It's a promotional piece, but still interesting. It's rare to see such boasting and detail in public, which I found useful.
cheers