Forum Replies Created
See “I got me a new star!!” thread below.
Cheers[
]Hi Rita.
Not sure on 50%, CGT is not my specialty (I hate it! Aussie is first country I have lived in with CGT).
Probably best to invest via a NZ legal entity(?), so that any gains via sales can potentially be reinvested in more properties without triggering a tax event, but not sure? Maybe Aussies with IPs in NZ can comment?
Cheers[
]Sounds a bit like life really, and Westan you’re repeating yourself.
Cheers.[
]Bianca.As someone who has lived in South Africa, New Zealand and now Queensland, I am naturally a rugby fan.
So my question is – Are there any rules in AFL or do they make it up as they go along?
Yours in innocence.
Cheers[
]Leigh,
‘Bianca’ was a joke right? ‘Cos surely no female would write as pedantically as I do?
“Doctor I’ve got a cricket ball stuck up my backside.”
“Hows that?”
“Don’t you start!”Cheers[
]Hi Junior.
I think we got the humour, but it opened up an interesting thread on how the star allocation system works.
Whilst not being of earth shattering importance, it was probably helpful for the readers of the thread.
Sometimes a humorous thread gets serious and vice versa. Ain’t life strange!
“Two cannibals eating a clown, one says “Did that taste funny to you?”
Cheers[
]Jenman is just another businessman peddling his wares. Some of what he says makes good sense, some doesn’t – so discernment is the key.
My philosophy is that when you continually seek to undermine the other’s position, you ultimately undermine your own integrity.
“Methinks he doth protest too much.”
Cheers[
]To me financial freedom is simply about choices. You can choose what to do and when, go where you want, when you want. Drive the car you want (or bicycle!). Choose who to spend your time with etc.
What you do with those choices, whether you make wise choices, is up to you. But financial freedom gives you those choices, financial servitude does not.
Cheers[
]If you find a cashflow +ve IP great. Just ask yourself – will it still be +ve if interest rates increase by 1-2% and rentals don’t increase (assuming you haven’t locked in a fixed interest rate)?
If not, can you carry the -ve cashflow from other income streams? Understanding that there might be little capital growth in the short-term.
If the answer to the above is yes, and you have done due diligence then go for it. If any answer is no, formulate a fallback plan if things go swampy. If your fallback plan is sound, proceed cautiously. If you haven’t got a fallback plan that is acceptable to you, think twice before proceeding.
My ten cents worth.
Cheers[
]Muppet is spot on. No land tax in NZ, no stamp duty, no CGT (altho Aussie tax residents will pay CGT). Local Council Rates are charged as per Australia.
Cheers[
]Rita.
As you’ve probably worked out by now, thread titles go from blue to purple once you have accessed that thread.The only name in purple should be your own.
Cheers[
]My name is Conor McCloud and I was born in the highlands of Scotland in the year 1532. Oh sorry! My real name is Christopher Lambert, I just look like I was born in 1532.
Go Highlanders!
Cheers[
]PS. My real age is in the date, its an anagram, or is it a simile, or perhaps an aneurism? First one to guess my correct age will be ignored!
But when he tried it anew,
Everyone else was in too,
How he wished he could have a monopoly!Cheers[
]Lets hear it for the bears!
Cheers[
]Great to hear I’m not the only property bear!
Cheers[
]I suggest very few people would object to paying a reasonable percentage of their income as tax to fund necessary services and assist those who are genuinely unable to fend for themselves.
The keywords are ‘reasonable’ and ‘genuinely’. Most people do object to paying an unreasonable percentage of their income as tax and to funding unnecessary bureaucracy, politicians of every hue, bludgers, etc.
Hence the Pay-as-you-go income tax deductions from employees and the GST. Politicians and bureaucrats know that its better to take your ‘hard-earned’ from you before you get your own hands on it otherwise, God forbid, you might use it to create wealth for yourself!
Don’t buy in to the propaganda that it is morally correct to happily pay the iniquitous rate of personal taxes in this country. You may not have a lot of choice, but you don’t have to smile as you’re being screwed!
That said ‘income minus tax’ is much better than no income – no tax!
Cheers[
]Wow!
Instant response. Thanks Andrew.
Cheers[
]As long as there are people in the market with more money than sense, or more access to credit.
As long as there are people in the market who don’t understand the Greater Fool theory.
As long as God is in Heaven and all is right with the world, ‘cos ‘bricks & mortar’ always appreciates.
Welcome to the end of history, investment cycles are no more!
Listen in tomorrow for another exciting fairy story!!
Cheers[
]
]
]Bianca.
