OCA - Oceania Group - retirement villages

[nztx]

It's surprising that Ardern's band of dreaming supporters completely oblivious to the vast costs of Govt inspired
regulatorily required Rental Improvements haven't yet advocated putting their individual paws out for a share
of the Property's Capital Growth during period of their tenancies ..


Nothing like 'If it's not Broken then lets screw it over completely & make sure the job is completely Stuffed' ..

Let's see how much more of the very Real Socialist 'what's yours is mine' there is still to creep out from
under the beds across the nation ..

[Balance]

Bloody heck - now FHB want preferential treatment

Is it me or is there total confusion and misunderstanding out there

https://www.stuff.co.nz/life-style/h...rightline-test

The worms are crawling out of the rotting dog’s breakfast hastily put together by the Kiwibuild government.

[Waltzing]

When is a house a house. From accounting tax stand point rental properties are now not a business for which normal cost of capital taxation rules apply.

What other forms of rental accommodation fall under the regs as they stand , MR B?

[850man]

Bloody heck - now FHB want preferential treatment

Is it me or is there total confusion and misunderstanding out there

https://www.stuff.co.nz/life-style/h...rightline-test

No pleasing some people is there. I can see Cindy handing this one out, any excuse for another speech from the throne to sprinkle more kindness at any cost

[artemis]

No pleasing some people is there. I can see Cindy handing this one out, any excuse for another speech from the throne to sprinkle more kindness at any cost

When you say 'any cost' I think you mean 'taxpayer cost'.

[nztx]

When is a house a house. From accounting tax stand point rental properties are now not a business for which normal cost of capital taxation rules apply.

What other forms of rental accommodation fall under the regs as they stand , MR B?

More than one way of skinning a whatever to get a work around though .. most smart Accountants & Advisors
will have it worked out before the Band of Meddlers' ink dries on signing it off ..

[nztx]

No pleasing some people is there. I can see Cindy handing this one out, any excuse for another speech from the throne to sprinkle more kindness at any cost

Does such kindness extend as far as 5 years sleeping in Clarke's mancave Rent Free ?

[Baa_Baa]

Wake me up when someone mentions OCA. Yawn.

[Beagle]

When is a house a house. From accounting tax stand point rental properties are now not a business for which normal cost of capital taxation rules apply.

What other forms of rental accommodation fall under the regs as they stand , MR B?

Don't know, maybe boarding houses, hopefully not retirement units ? The whole thing is an absolute dog's breakfast. 3.3% allocation to this sector now down from ~ 5% yesterday. Feels about the right level for now...wait and see where the dust settles.

The worry is there's vast numbers of disaffected voters who think Cindy has done well closing this "loophole" and have no understanding of what is fair and reasonable for investors who have put up substantial risk capital only to have the Govt not just move the goal posts but collapse them on top of investors. The Govt don't care, they have simply thrown hundreds of thousands of baby boomers who have one or two rental properties under the bus.

[nztx]

Wake me up when someone mentions OCA. Yawn.

Aha .. OCA may make considerably more filthy LOOT from Govt renting out to the subsidised Homeless
which are estimated to be growing more rapidly in numbers than the Oldies cycling in then departing

Of course a different market, but the size of the trove of Filthy Loot has been rumoured to be absolutely
Huge and is shelled out direct from Robertson's 'Bank of the Taxpayer" .. No Questions asked ..

Just think of the next Rest Home being built as an Extra Large Motel ..