I've looked into the FIF / FDR and it gets really complicated if you hold mixed assets in the portfolio. Such as some Australian shares are exempted from FIF. There's currency exchange rate to factor. To add more complexities, how about 'quick sales' for buying and or selling more than once in the same year? Above all, it's part of the tax compliance for filing.
https://www.ird.govt.nz/toii/fif/cal...-choosing.html
Look at page 19 here for quick sale calculations:
https://www.ird.govt.nz/resources/5/...2f11/ir461.pdf
and check out the flow chart on page 6:
vs: the guy that owns the house can easily pay a property manager. That's what i've seen most have done to muscle out the undesirable tenants. This would suit easily for any pensioner or retired person that seeks to enjoy vacations abroad, etc. without the hassles. I've also met many seniors that insist on living in their home and renting out a room as "home stays" which again, the income is tax free.
Now if I was living back in Canada. (Reply.. Cough... Cough ) .. Don't take my word for it. Countless of elderly people have told me the past where so and so have lost so much $ in past NZ stock market crashes or some finance company or corporate has fleeced