sharetrader
Page 2 of 2 FirstFirst 12
Results 16 to 18 of 18

Thread: Housing Tax

  1. #16
    Senior Member
    Join Date
    Dec 2001
    Location
    Wellington, , New Zealand.
    Posts
    919

    Default

    Quote Originally Posted by westerly View Post
    Really? Quote from "newsroom " article.

    "Currently, regular 'Mum and Dad' investors know that leveraged investments in property are not subject to capital gains, unless they are in rental properties sold within two years of purchase. ......westerly
    Quite correct. UNLESS they are deemed to be a trader within the IRD definition. In which case they are liable for income tax on profit on sale. Which is what fungus pudding said.

  2. #17
    Senior Member
    Join Date
    Dec 2001
    Location
    Wellington, , New Zealand.
    Posts
    919

    Default

    Quote Originally Posted by fungus pudding View Post
    Except they are likely to apply income tax to habitual traders, builders, developers and so on.
    They should, but will the government realise this, given their much publicised and uninformed views on CGT for 'speculators'.

    If the expert tax group goes for a CGT (bet they will) then the legislation is to be passed this term for implementation next term (if they remain the government). The government might find it a bit trickier than a few bumper stickers.

    I wonder how Australia treat traders vis a vis investors. Anyone know?

  3. #18
    Senior Member Valuegrowth's Avatar
    Join Date
    Jun 2013
    Posts
    1,119

    Default

    If we analyze assets everybody cannot get same capital gain or return. It all depends on the experience and knowledge on the industry and different types of assets. Both investors and traders not only make profit but also make losses. History should repeat for all types of assets in a different manner. What about 1987 crash? What about financial companies went into receiver ships mainly due to property investment in Auckland and Queens-town? How did some mum and dud lost money by investment in apartments in Auckland in the past?

    I found very interesting link.

    http://www.stuff.co.nz/business/mone...investors-make
    Last edited by Valuegrowth; 25-11-2017 at 09:11 PM.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •