Geekzone: technology news, blogs, forums
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
18103 posts

Uber Geek
+1 received by user: 2267

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?

151 posts

Master Geek
+1 received by user: 10

  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.


Try Wrike: fast, easy, and efficient project collaboration software
Mad Scientist
18103 posts

Uber Geek
+1 received by user: 2267

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

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:

News »

Amazon launches the International Shopping Experience in the Amazon Shopping App
Posted 19-Apr-2018 08:38

Spark New Zealand and TVNZ to bring coverage of Rugby World Cup 2019
Posted 16-Apr-2018 06:55

How Google can seize Microsoft Office crown
Posted 14-Apr-2018 11:08

How back office transformation drives IRD efficiency
Posted 12-Apr-2018 21:15

iPod laws in a smartphone world: will we ever get copyright right?
Posted 12-Apr-2018 21:13

Lightbox service using big data and analytics to learn more about customers
Posted 9-Apr-2018 12:11

111 mobile caller location extended to iOS
Posted 6-Apr-2018 13:50

Huawei announces the HUAWEI P20 series
Posted 29-Mar-2018 11:41

Symantec Internet Security Threat Report shows increased endpoint technology risks
Posted 26-Mar-2018 18:29

Spark switches on long-range IoT network across New Zealand
Posted 26-Mar-2018 18:22

Stuff Pix enters streaming video market
Posted 21-Mar-2018 09:18

Windows no longer Microsoft’s main focus
Posted 13-Mar-2018 07:47

Why phone makers are obsessed with cameras
Posted 11-Mar-2018 12:25

New Zealand Adopts International Open Data Charter
Posted 3-Mar-2018 12:48

Shipments tumble as NZ phone upgrades slow
Posted 2-Mar-2018 11:48

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.