743 days ago

Coalition Government Delays Interest Deductability Phase-In

David from adviceHQ

The Government has announced that interest deductibility on residential investment properties will be phased back in starting from April 2024. This means that affected taxpayers will now be able to claim 80% of their interest expenses from April 2024, with the deduction set to return to 100% from April 2025.
This decision backtracks on the coalition agreement, which initially proposed 60% deductibility from April 2023.
Associate Finance Minister David Seymour stated, “Landlords have been hit hard by rising mortgage interest rates and increasing interest deductibility limitations, especially during these times of economic strain. These costs often get transferred to tenants, contributing to the soaring rental prices in New Zealand.”

In light of this policy shift, should we be wondering if the Brightline changes will be "amended"?
It is worth noting that changes to banks' servicing tests are expected, which could have a significant impact on property investment financing.
For independent financial advice tailored to your family or business, reach out to adviceHQ.
#InterestRates #MortgageRates #nzpropertyinvestor #advicehq 🏠

More messages from your neighbours
2 minutes ago

A reminder this hunting season

The Team from New Zealand Police

As thousands of hunters are making their plans for autumn – the Roar – recreational firearms groups are urging hunters to always be 100% sure of their targets.

Te Tari Pureke - Firearms Safety Authority NZ, which chairs the Recreational Firearms Users Group, has begun a public information campaign reminding hunters everywhere of Rule #4 of the Firearms Safety Code: to identify their target beyond all doubt.

Director Communities and Corporate, Mike McIlraith, says there is an estimated 50,000-60,000 New Zealanders involved in big game animal hunting each year, and the Roar is the key event for many hunters each year.
“The Roar is a fantastic time of year for hunters to get out into the hills after a trophy animal but hunting safely and making sure everyone gets home in one piece, still must be the most important goal of every trip,” says Mike McIlraith.
“The consequences of not fully identifying your target beyond all doubt can be catastrophic. Our message to hunters is a really simple one: If you are not sure, then don’t shoot.”

Mike McIlraith says while hunting fatalities are thankfully rare, research has shown that misidentification of the target is the largest firearms related risk to New Zealand deer hunters, and 80% of the time this involves members of the same hunting group.

The Authority says hunters should not feel pressured to take a shot: “Instead, hunters should take the time to analyse their target, wait and see if it is a hind or stag, how old is the animal, how many points does its antlers have? Identifying your target means never firing at sound, shape, colour or movement alone.”

Mike McIlraith says good hunters will slow down, and run through some simple mental checks:
- Can I see the whole animal, or could this be another hunter?
- Where are my hunting companions – could this be them or someone else?
- How much of the animal can you see, if it is a hind or stag, how old is the animal, how - many points does its antlers have?

“Taking a little extra time to identify your target and check the firing zone is the key to safer hunting. No meat or no trophy is better than no mate,” he says.

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4 hours ago

Poll: How important is the ability to book a doctor’s appointment online?

The Doctors

Hi Neighbours
Here at The Doctors we would love to hear how you prefer to book your doctor’s appointments. With busy schedules, different people find different methods easier.

For some, online booking is very convenient, you can make an appointment anytime without needing to wait on the phone. Others still prefer calling the clinic and speaking to a real person, especially if they have specific questions about their visit.

Your feedback helps us understand what works best for our patients and how we can improve access to care.
Find out more

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How important is the ability to book a doctor’s appointment online?
  • 27.6% I prefer booking online whenever possible
    27.6% Complete
  • 41.4% Online booking is helpful but not essential
    41.4% Complete
  • 27.6% I prefer calling the clinic
    27.6% Complete
  • 3.4% I didn’t know online booking was available
    3.4% Complete
29 votes
8 days ago

Poll: Does a savoury scone require cheese on top, or folded inside?

The Team from Neighbourly.co.nz

Help settle the great kiwi debate ... cheese on top, or folded inside?

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Does a savoury scone require cheese on top, or folded inside?
  • 76.4% Inside!
    76.4% Complete
  • 23.6% On top!
    23.6% Complete
1206 votes