Quote Originally Posted by Billy Boy View Post
It could really happen that way, and was thinking like that myself.

Partaking of G&T's with some of the 'Great White Southern Farthers'
There's a lot of talk about the comming budget in May.
Some talk about "means testing" & the reintroduction of "land tax"( dont
forget land tax is still law, its just set at zero at the moment).
A capitial gains tax on property was a hot topic.
Other stuff off thread of course..........
Billy Smurf has gotta get money from somewhere.
Some of these could impact on the LPT's.
Land tax & a Cap Gain tax. I dont quite know about the effects of these.
F/Pud
Is land Tax likely to be covered in the OPEX's,
cheers BB

If you mean is it tenant's responsibility ? Impossible to know without reading each individual lease. I don't think land tax or capital gains taxes are very likely. I do think the IRD might just become a little more vigilant in applyingg income tax to traders.