Hey Cindy what are you up to what's going on everybody it's Brandon here again and in this video I'm going to share with you what the tax rule is about how does it affect our mortgage and what sort of strategy you might want to consider, and I'm also going to share one simple way that it's going to help you work out how much tax roughly you're going to be needing to pay under the new tax regime, so there are two tax changes that has been implemented for property investors now the first one is the bright line test currently if you sold your property within five years as an investment property you would have to pay tax on the difference in the value that you have gained now this bright line test has actually been extended out to 10 years for existing dwelling so if you own a property, or you buy an investment property, and you sell it within 10 years you will be obligated to pay tax on the profits now to keep in mind that this is exempt for new builds that is still within five years the second major change is that mortgage interest repayments is now no longer a tax-deductible expense for your property investment this is 100 confirmed on existing homes but for new bills there are further consultations to be made so some of you if you don't know what tax reducibility is on interest expense just a quick rundown now in the old model you have your profits at the top you have your insurance maintenance rates etc as a second expense, and then you deduct your mortgage interest and then at the very bottom you have your net profit and on the net profit you would pay...
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How to prepare NZ INZ 1025 2022-2024 Form
About NZ INZ 1025 2024 Form
NZ INZ 1025 2024 Form is a medical examination form required for individuals who are applying for a visa to enter or stay in New Zealand for more than six months. It is also required for individuals who are applying for a limited visa and intend to stay for more than six months, or have spent more than three months in the past five years in certain countries with a high incidence of tuberculosis. The NZ INZ 1025 2024 Form is used to assess an applicant's medical fitness and to determine whether they pose a risk to the public health of New Zealand. The form includes a physical examination, chest X-ray, and blood tests. All applicants over the age of 11 must undergo a medical examination and submit the NZ INZ 1025 2024 Form along with their visa application. The medical examination must be conducted by an approved panel physician who is authorized by Immigration New Zealand.
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