Nat/act/nzf 2023

[nztx]

Very bad idea as houses / land on average appreciate.



Well yes they will to a degree, bit there is a balance. Rents have sky rocketed in the last few years and is now at a level that us basically unaffordable, let alone being able to save to buy a house.

Land appreciates, but buildings - do they ? or when they get to point of needing replacement falling into ruin that no amount of R&M can fix - what happens ? Bowl them over for a large capital loss ?

Now on the wider front - allowing RRP depreciation will encourage investment which will increase the rental pool & who knows start correcting the Left's shallow sharade of LL & Rental Property / homeless envy & Socialist lunacy which created the large problem in the first place ?

[Getty]

Feedback from the Hui Taumata held near Hastings on Friday, at Omahu marae, Ngati Kahungunu, to discuss the formation of a Maori Parliament.

2000 attendees.

Many speakers, but the most influential and regarded speech came from King Tuheitia, who spoke last.

He was against the idea of a Maori Parliament, citing difficulties within Tainui tribe, of which he is, as an example of Maori needing to sort out their own affairs, without trying to run the country, or manage their share of the budget.

Ngai Tahu have their say next.

[Balance]

Feedback from the Hui Taumata held near Hastings on Friday, at Omahu marae, Ngati Kahungunu, to discuss the formation of a Maori Parliament.

2000 attendees.

Many speakers, but the most influential and regarded speech came from King Tuheitia, who spoke last.

He was against the idea of a Maori Parliament, citing difficulties within Tainui tribe, of which he is, as an example of Maori needing to sort out their own affairs, without trying to run the country, or manage their share of the budget.

Ngai Tahu have their say next.

They are all lining up to kiss King Charles’ arse when he pays a visit to NZ?

[Bjauck]

Feedback from the Hui Taumata held near Hastings on Friday, at Omahu marae, Ngati Kahungunu, to discuss the formation of a Maori Parliament.

2000 attendees.

Many speakers, but the most influential and regarded speech came from King Tuheitia, who spoke last.

He was against the idea of a Maori Parliament, citing difficulties within Tainui tribe, of which he is, as an example of Maori needing to sort out their own affairs, without trying to run the country, or manage their share of the budget.

Ngai Tahu have their say next.

Does King Tuheitia believe more in absolute Māori monarchy as opposed to a parliamentary version with a chamber of commoners?

[Getty]

Does King Tuheitia believe more in absolute Māori monarchy as opposed to a parliamentary version with a chamber of commoners?

I can't specifically answer that on his behalf.

But the main take out from the King's speech is that there is a voice of reason and stability, rather than the divisive rhetoric coming from the likes of
Mugabe Waititi.

[Daytr]

Land appreciates, but buildings - do they ? or when they get to point of needing replacement falling into ruin that no amount of R&M can fix - what happens ? Bowl them over for a large capital loss ?

Now on the wider front - allowing RRP depreciation will encourage investment which will increase the rental pool & who knows start correcting the Left's shallow sharade of LL & Rental Property / homeless envy & Socialist lunacy which created the large problem in the first place ?

Probably depends on the type of build. Think how much those old villas are worth now compared to what they cost. Even an 40 year old fibro is worth a lot more now than it was to build.

Bit I don't think you should be able to depreciate something that you don't pay capital gain on.

[Panda-NZ-]

NZ provides a renewable energy project for Nuie, 20m for 1k people (who are NZ citizens so can move here anyway).

https://www.newshub.co.nz/home/polit...y-project.html

Which is nice but why can't we have improved renewable infrastructure here.

[fungus pudding]

Probably depends on the type of build. Think how much those old villas are worth now compared to what they cost. Even an 40 year old fibro is worth a lot more now than it was to build.

Bit I don't think you should be able to depreciate something that you don't pay capital gain on.

In nominal terms only, they will have increased - but in real terms they will be worth a fraction of their replacement cost, i.e. they have depreciated.

[nztx]

Probably depends on the type of build. Think how much those old villas are worth now compared to what they cost. Even an 40 year old fibro is worth a lot more now than it was to build.

Bit I don't think you should be able to depreciate something that you don't pay capital gain on.

seems at odds with other business assets - that stance

Business premises with land - when sold at end of the business - GST zero rated, some depreciation recovery is assessable on buildings etc if claimed, but no capital gains tax

Some appear to have curious & perhaps convenient view of 'capital gain' etc with little background knowledge of what the usual course on such things has been for decades & decades .. strangely some views become muffled when it comes to certain other assets like their own Kiwisaver gains, the beach property or car or bottle collection & gains on them

[Daytr]

In nominal terms only, they will have increased - but in real terms they will be worth a fraction of their replacement cost, i.e. they have depreciated.

I think you need to understand what depreciation in tax terms means.