I agree that makes no sense - depreciation is a cost of earning income. Not allowing it as a cost may end up encouraging landlords not to own new buildings. When the house is sold that is when any recovered depreciation should be taxable.
Making no taxable income and Reducing taxable other income by maximising leveraged untaxed capital gains was unfair too. Maybe investors should be given the option of treating as taxable the capital gain on the property if they want to claim annual losses against income from other sources?This year we've now had ringfencing of looses so investors can no longer claim the loss against other income.
I don't know the specifics of the insulation requirements. However I am all for First World well-insulated homes for all in NZ. It would also help reduce the public cost of health treatment for many childhood illnesses amongst other benefits.There have been many other changes including new standards for homes insulation to name just one other
Likewise for me. It must be nightmare for many Landlords. Private landlords should not be responsible for housing bad tenants.of course we've seen the ever increasing risks of being a landlord through the widespread proliferation of methamphetamines but now this, a real "clanger" making it really hard to get rid of bad tenants.
https://www.msn.com/en-nz/money/home...cid=spartandhp
Very pleased not to be a landlord and I am not going there.
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