CAN I CLAIM MY HOLIDAY AS A RENTAL EXPENSE?

woman on holiday with camera

You have a rental property. Can you claim your holiday as an expense? If you spend time travelling as part of your business you can claim business travel as an expense. A good way to prove the business portion of your travel expenses is by keeping a diary of your travels.In addition to keeping invoices, receipts and tickets you should also keep details of:the date of the tripyour itinerarythe cost of car hire, and air, bus and taxi faresthe cost of accommodation, meals and incidentalsthe t […]

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THE REAL COST OF A RENTAL PROPERTY

man with house and drawing

WHAT’S THE REAL COST OF A RENTAL PROPERTY? Specifically, what’s the real cost of rental property compared to money in the bank or other investments? What what return will you get? They are both good questions. Let’s do some math: Let’s say you own a rental investment property that rents for $600 per week. That’s…

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UNDERSTANDING FINANCIAL STATEMENTS

Profit and Loss

It is a statement of what your business/company owns (assets) and owes (liabilities).  Assets include things like bank accounts, inventory (stock) property, cars, computers, money owed to you (debtors) etc.

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9 INVESTMENT STRATEGIES

9 investment strategies that we think you’ll like. What will get you the best return while still maximizing tax deductions? With the government’s introduction of laws slashing interest deductions on existing rental properties, where can you as an investor put your money? Will one of those 9 investment strategies work for you? Not too sure?…

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GOVERNMENT RENTAL PROPERTY TAX CHANGES 2021

SUMMARY OF CHANGES Changes announced January 2021 by the government:  ​Note that this law was very much “being made up as they go along” so at the time of announcement, lots of things were unknown, or not decided on. Subsequently, IRD have clarified most questions and rewritten some poorly-worded tax law. HOW DOES THIS AFFECT…

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INFO FOR NEW INVESTORS

INFO FOR NEW INVESTORS. Common questions if you are new to property investment. So you’ve bought an investment property. Now what? 

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