Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5 
Mad Scientist
19319 posts

Uber Geek
+1 received by user: 2527

Trusted
Lifetime subscriber

  Reply # 1136745 24-Sep-2014 17:07
Send private message

With regards to paying cgt every year on paper value, If the house on my left sells for 100k k above valuation and the one on the right sells 100k below valuation, does ird pay me 30k or do I pay ird 30k?




Swype on iOS is detrimental to accurate typing. Apologies in advance.


218 posts

Master Geek
+1 received by user: 35


  Reply # 1136850 24-Sep-2014 18:53
Send private message

Would depend on how much the value of your house has changed from the previous year. I don't know how the council values houses.

 
 
 
 


Mad Scientist
19319 posts

Uber Geek
+1 received by user: 2527

Trusted
Lifetime subscriber

  Reply # 1136852 24-Sep-2014 19:00
Send private message

I don't think people pushing for annual paper value cgt/l have any idea about maths




Swype on iOS is detrimental to accurate typing. Apologies in advance.


659 posts

Ultimate Geek
+1 received by user: 144
Inactive user


  Reply # 1137176 25-Sep-2014 10:09
Send private message

 The environment and wages don't really have much to do with a CGT... that's a rather farfetched argument you have.


Nothing to do with CGT, im just saying that some companies are reaping $100+ million net profits at the expense of the environment and off the backs of low wage workers. Perhaps CGT should be lower on the governments radar.

Fonterra is a great example with farmers set to make little to no profit this year due to $5.30 milk solid price.

Even if Fonterra gave $50,000 to each of the 2000 farms accross NZ they would still have something like $29 million net profit. On the environment, (waterways specifically) would it hurt Fonterra to fund special fencing on farms adjacent to waterways ???? considering they are the ones making $129 million net profit (in bad year) off the land that is being farmed. Sorry to pick on Fonterra, but if the government taxed them specifically where would they go ? cant pack up and take NZ farmland and cows with them.


Note: Fonterra board directors get $160,000 per year, the chairman gets $400,000 and committee heads can get discretioary payments of upto $30,000.....regardless of it being a bad year or not.

1 | 2 | 3 | 4 | 5 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.