Strange Antipodean Ways #2
Feb 16th 2004, 11:40 pm
#1
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Strange Antipodean Ways #2
Every Kiwi has to have a workshop. Probably somewhere to hang his No. 8 wire and woodworking kit.
I checked out our street (it's in an OK neighbourhood) and EVERY house has got a workshop, admittedly I counted garages as workshops because they are often extra long to allow for a workbench or two.
I think I get bonus points because I've got a workshop/ garage AND a shed.
I checked out our street (it's in an OK neighbourhood) and EVERY house has got a workshop, admittedly I counted garages as workshops because they are often extra long to allow for a workbench or two.
I think I get bonus points because I've got a workshop/ garage AND a shed.
Feb 16th 2004, 11:43 pm
#2
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Re: Strange Antipodean Ways #2
Originally posted by pleasancefamily
Every Kiwi has to have a workshop. Probably somewhere to hang his No. 8 wire and woodworking kit.
I checked out our street (it's in an OK neighbourhood) and EVERY house has got a workshop, admittedly I counted garages as workshops because they are often extra long to allow for a workbench or two.
I think I get bonus points because I've got a workshop/ garage AND a shed.
Every Kiwi has to have a workshop. Probably somewhere to hang his No. 8 wire and woodworking kit.
I checked out our street (it's in an OK neighbourhood) and EVERY house has got a workshop, admittedly I counted garages as workshops because they are often extra long to allow for a workbench or two.
I think I get bonus points because I've got a workshop/ garage AND a shed.
What do they do in there then :scared:
Feb 16th 2004, 11:47 pm
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Most seem to have an on-going house renovation project. Given the tax concessions in NZ/ Aus, it's surprising that everybody DOESN'T have a property to do up and rent out.
Feb 16th 2004, 11:49 pm
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Originally posted by pleasancefamily
Most seem to have an on-going house renovation project. Given the tax concessions in NZ/ Aus, it's surprising that everybody DOESN'T have a property to do up and rent out.
Most seem to have an on-going house renovation project. Given the tax concessions in NZ/ Aus, it's surprising that everybody DOESN'T have a property to do up and rent out.
What tax concessions?
Feb 16th 2004, 11:50 pm
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Originally posted by pleasancefamily
Most seem to have an on-going house renovation project. Given the tax concessions in NZ/ Aus, it's surprising that everybody DOESN'T have a property to do up and rent out.
Most seem to have an on-going house renovation project. Given the tax concessions in NZ/ Aus, it's surprising that everybody DOESN'T have a property to do up and rent out.
Feb 16th 2004, 11:56 pm
#6
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Originally posted by Jack Daws
Go on, Im all ears.
What tax concessions?
Go on, Im all ears.
What tax concessions?
2. Invest in the property, ie improve features (eg upgrade woodburner), chattels, drapes, carpets etc. Offset against rental income/ income tax. Sell improved property for capital gain (tax free in NZ).
Feb 17th 2004, 12:19 am
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Originally posted by pleasancefamily
1. Offset depreciation on house and chattels against rental income. Make a loss. Offset loss against income tax. Claim back income tax.
2. Invest in the property, ie improve features (eg upgrade woodburner), chattels, drapes, carpets etc. Offset against rental income/ income tax. Sell improved property for capital gain (tax free in NZ).
1. Offset depreciation on house and chattels against rental income. Make a loss. Offset loss against income tax. Claim back income tax.
2. Invest in the property, ie improve features (eg upgrade woodburner), chattels, drapes, carpets etc. Offset against rental income/ income tax. Sell improved property for capital gain (tax free in NZ).
My old man just had to pay £14000 capital gains. Not a happy bunny. Me thinks his accountant is gonna be getting an ear full.
Feb 17th 2004, 1:42 am
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Originally posted by Jack Daws
Like the UK then, apart from capital gains to pay in UK?
Like the UK then, apart from capital gains to pay in UK?
