Daily review 14/09/2023

15 comments on “Daily review 14/09/2023 ”

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1. Patricia Bremner 1

   14 September 2023 at 6:01 pm

   Could we have more pictures of Labour members? Just for balance lol.
2. Blazer 2

   14 September 2023 at 6:21 pm

   There is no conflict of interest in the Natz plans to ramp up property places..O.K!

   'These gains were largely driven by Luxon’s family home in Remuera and his family beach house on Waiheke Island, which are worth $7.68m and $7.35m respectively. Capital gains on both this year amount to $3m. He also owns three investment properties in a block in Onehunga, the Wellington apartment, and a building he uses as an electoral office in Botany (because it is a commercial building, it is excluded from capital gain calculations).'

   Christopher Luxon's property gains soar as National promises to tackle housing crisis | Stuff.co.nz
   • Ed1 2.1

     14 September 2023 at 6:58 pm

     I do not understand the comment"(because it is a commercial building, it is excluded from capital gain calculations)" It was my understanding that the current 2 year bright line test (and the previous 10 year version) related to residential hises used for that purpose. If a company decides to move operations to another place (or a new building) they have owned the building for commercial proposes and my understanding is that capital gains would form taxable income for the owning entity – whether that is an individual or a business. Can we get this clarified. There is astange perception that we do not have capital gains in New Zealand, but this is not true – gains from share investments and fixed interest investments may have tax payable on realised capital gains – this affects most Kiwisaver accounts (AI am not aware of any Kiwisaver manager investing in direct property – that gives too much of a liquidity risk of a lot of customers transfer to another provider – the tax handout for property investors was only intended to benefit the wealthy
3. Anne 3

   14 September 2023 at 6:23 pm

   TVNZ live online this evening starting 7pm. Grant Robertson, Nicole Willis, David Seymour and Winston Peters in Queenstown for the "Finance Debate". I think Jessica Mutch McKay is hosting so expect his nibs, Mr Snake Oil Luxon will probably get a fairly easy ride. We'll wait and see.
   • weka 3.1

     14 September 2023 at 6:47 pm

     James Shaw too I think. Jack Tame is hosting.

     I put up a post if people want to discuss during the debate.

     https://thestandard.org.nz/livestream-7pm-asb-finance-debate/
     • Anne 3.1.1

       14 September 2023 at 6:54 pm

       Yes it is Shaw not Peters and Tane is hosting. Muddled it with another item from Mutch McKay. 😕
       • weka 3.1.1.1

         14 September 2023 at 6:58 pm

         it's been weirdly difficult to find the details of who and where the livestream is.
         • Anne 3.1.1.1.1

           15 September 2023 at 10:40 am

           Indeed it was. Shaw and Robertson stood out as the most sensible, stable and intelligent among them. Seymour talked gobbledygook most of the time and Willis was so out of her depth she had to resort to shrieks and silly lies.

           Call me a conspiracist, but I have to wonder whether the lack of publicity was deliberate.
4. BK 4

   14 September 2023 at 6:24 pm

   Very good easy way to explain to people who struggle with reading / understanding policies https://electionscorecards.org.nz/
5. AB 5

   14 September 2023 at 11:15 pm

   "Willis told TVNZ that those who have worked with foreign purchasers in the past and who work at that luxury end of the market think there is demand"

   OK. So I now want not only the detailed costings made public, but also the content of these conversations with the real estate industry. Were any of these conversations with known large donors? Did these donors request the restoring of access for foreign buyers? How can we know that this is not a policy for cash deal?
   • SPC 5.1

     15 September 2023 at 4:46 am

     It is not just real estate, but also land bankers and property developers – transfer of building capacity to the high end foreign buyer.

     Not all the property development companies will be New Zealand owned, nor their sources of finance.
     • AB 5.1.1

       15 September 2023 at 9:37 am

       Thanks SPC – that makes sense.
   • Anne 5.2

     15 September 2023 at 10:53 am

     "Willis told TVNZ that those who have worked with foreign purchasers in the past and who work at that luxury end of the market think there is demand"

     She's given the game away! Policy for cash deal indeed. Now we know how they managed to accrue an $8 million campaign find. They have bought the election by way of subterfuge and dishonesty.

     Labour and the Greens should run with it for the next four weeks.
6. SPC 6

   15 September 2023 at 4:43 am

   It looks like someone in Auckland is looking to trade a vehicle for one in Christchurch.

   a green Toyota SR5 Hilux cruiser owned by Scott Barrett

   https://www.stuff.co.nz/sport/rugby-world-cup-2023/300952803/all-blacks-forward-scott-barrett-seeks-stolen-ute-as-he-heads-to-rugby-world-cup

   for a black Toyota Hilux (type not identified, so probably not GR sport) owned by Andrew Mulligan?

   https://www.stuff.co.nz/entertainment/celebrities/300970616/radio-host-andrew-mulligans-ute-has-been-nicked

   There seems to be a market for a near new ute (new ones come with a $5000 tax for high fuel consumption).
   • Graeme 6.1

     15 September 2023 at 7:19 am

     Was a factor in ute thefts a few years ago into Middle East, current bingle has had a affect on ute / 4WD market in Europe, so wouldn't be surprised if that's extending to our parts.

     

     [image resized]

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