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APIA Blog

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29-Sep-2020

Is GST payable on all the properties held by a trading entity?

This week's question comes from long-time APIA member Mary M and the answer is kindly provided by Amanda Watt of Shortland Chartered Accountants. The answer is intended to be for general information only and not tax advice. We have a GST registered property entity set up initially for trading. If that entity is holding more than one property and not all of them are for trading, do we... read more

Guest blog

03-Apr-2019

Peter Lewis: What can you deduct?

Given the ongoing publicity and often heated discussions, all landlords should by now know that there are a number of mandatory upgrades and enhancements that will be required for all residential rental properties over the next few years. We have already passed the date when it became compulsory to install smoke alarms in all such properties, and we are very near the time... read more

Q&A

25-Mar-2019

Is remedial insulation deductible?

This week's question comes from Ron (paraphrased): What is the tax treatment for remedial insulation on a rental property where existing insulation is going to be topped up (i.e. part repair part improvement)? Mark Withers from Withers Tsang kindly responds below: The government has not assisted the push for better insulation of Kiwi homes by failing to clarify the capital/revenu... read more

Q&A

25-Feb-2019

Ring-fencing submission FAQs

Some frequently asked questions prompted by our latest call for all investor to put in their submission for the proposed law change to ring-fence rental tax losses are worth sharing. Before we delve in, a reminder that this Thursday is the last day to make a submission to or against ring-fencing tax losses. This is too important an issue for investors to stay silent on. Submission de... read more

Must know

14-Feb-2019

The Government wants to ring-fence rental losses. What can you do about it?

Make a submission of course! Let's be clear. At the time of this piece, ring-fencing is not a done deal. There is still time to push back and affect the Government's legislative agenda. Submission on this issue closes 28th February 2019. It is our opinion that, in its present form, the proposal will have far-reaching consequences many of which are unfavourable to investors, their tenants... read more

Guest blog

07-Jun-2018

Amanda Watt: Removal of negative gearing

I have delayed writing about the removal of the negative gearing, so I could spend more time thinking about what it will mean for property investors. The Government’s issues paper addressing negative gearing came out earlier this year and asked for submissions. Both the NZPIF and APIA made submissions on behalf of members. The proposal outlined in the issues paper is that negative ... read more

Must know

31-Mar-2016

Peter Lewis: Property and tax

A reply to those who claim investors have a tax advantage by APIA Vice President Peter Lewis: Consider the analogy of a Motel owner verses a Residential Landlord. The Motel owner rents accommodation by the night. The Landlord rents accommodation by the month or by the year. The Motel owner is in business. As such, he is required to pay income tax on any profit (his ren... read more

Q&A

21-Mar-2016

Is my bathroom renovation deductible?

We are completely refitting the bathroom in our rental property, including floors, walls, ceiling and all the internal fittings. We are also installing an instant hot water bottled gas system. Is this tax deductible, or is it regarded as part of the house, which I have never deducted? It appears that you are improving the asset beyon... read more

02-Jun-2015

Tuesday Catch Up: 7 things we are keeping an eye on this week

... cos we simply had to take Monday off to recover from the latest Reserve Bank blow... 1. Before we unleashed the doom-and-gloom, can we please take a moment to marvel at the awesomeness that is Brandon Lipman? 2. Ok so back to business, late Friday afternoon the Reserve Bank served up another wham-bang at the investors community by hiking the cost of borrowing for non-occupying property ... read more

04-May-2015

Monday catch up: 7 things we are keeping an eye on this week

1. Looks like the IRD will be given more resources to crack down on residential property speculators. 2. Auckland's housing crisis is by no means a unique phenomenon according to David Roberton. Much could be learnt from the Canadian experience. 3. Cracks are showing between the central government and the Auckland Council re the city's housing problems. 4. The Aussies are going to star... read more

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