I imagine many pondering an apartment purchase who also saw that recent TV series investigating NZ apartment quality may have suddenly gone a little tepid on the idea.
And even if you're lucky enough to buy in a solid rot free building, general maintenance alone costs a fortune. Perhaps better to rent and invest in a scaffolding firm.
MET had issues with leaky buildings. Hopefully KPG have learnt from others’ mistakes and have a quality product. They are not cheap tariffs! I added to my holding yesterday. Go Drury!
leaky buildings now a day are generally only from shoddy workmanship. Anyway wonder if kpg will get more demand from trust owners when tax rate goes up to 39% as trust investing in kpg will only pay 28%
leaky buildings now a day are generally only from shoddy workmanship. Anyway wonder if kpg will get more demand from trust owners when tax rate goes up to 39% as trust investing in kpg will only pay 28%
Many trusts I think distribute to beneficiaries, and the income is taxed at the beneficiaries’ rates. However DYOR. The NZ tax system however does need an overhaul.
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