Red Baron closing down

[Ocean1]

So where do you stand on the common case of the business owner occupying a customer car park ?

And I understood you were going to vote with your feet and leave NZ anyway.....

What, he's not allowed to park on his own property? Don't get me wrong, if I were in retail and customer numbers were limited by parking then my car wouldn't be anywhere near the business. Neither would the employees' cars. That's the point: my property, my rules, if the council wants to make the rules they should buy the property.

Let's just say that if I'm required to pay significantly more tax than I currently do then I will indeed be spending several months a year off shore as a method of minimising that loss. Also, any attempt to impose a wealth tax here will see me move that wealth elsewhere.

[ojyamaha]

31st Jan close date. Some new kawasakis going cheapish. Listed on trademe. I asked the parts guy if he had a list of rd / rz parts as was interested in buying some/ all / none. Too hard they don't list their parts like that , I would need to give them specific part numbers......oh dear...

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[SaferRides]

31st Jan close date. Some new kawasakis going cheapish. Listed on trademe. I asked the parts guy if he had a list of rd / rz parts as was interested in buying some/ all / none. Too hard they don't list their parts like that , I would need to give them specific part numbers......oh dear...

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I don't think they carry many parts. Never had anything in stock for the R1 except an oil filter. They do have aftermarket stuff like carb service kits, but genuine parts were always ex-Oz.

I will call in over the holidays and say goodbye.

[Voltaire]

5% is too low. Depending on condition and tenant the lowest I've seen is 6% and I told the guy he had rocks in his head.

Here's the thing with commercial property: it has no value really other than what it is returning. So a 5.6M RV really does not mean much. The landlord goes from having an asset whose value is best described (in shorthand) as "rent divided by return" to having a fucking liability because it does not have a tenant. Landlord still has (maybe) a mortgage on it and now has to insure it and now has to pay the rates ... plus any incomer might want work done, or a rent free period or a fitout, or a change of use might mean the council get involved and you argue with them for two years while not earning any income..... Commercial property is a blood sport and not for the faint of heart. It is endlessly fascinating though.

In that part of Auckland ( and probably others) the rates on the land has gone thru the asbestos roof.
The Council wants/needs more punters to pay for underground rail, America Cup Villages and so on.
I'm several KM's from the city and the land value of my 650 metres is 800k.
We are seeing the first 3 story tilt slab beauties going up nearby
I have not been to Red Barron for some years, Dick Turpins would have been a better name.

[AllanB]

I'm several KM's from the city and the land value of my 650 metres is 800k.

That silly money for dirt.

[jellywrestler]

That silly money for dirt.

yeah but you're guarantted to have mister whippy through the street three times a week

[Moi]

In that part of Auckland ( and probably others) the rates on the land has gone thru the asbestos roof.
The Council wants/needs more punters to pay for underground rail, America Cup Villages and so on.
I'm several KM's from the city and the land value of my 650 metres is 800k.
We are seeing the first 3 story tilt slab beauties going up nearby
I have not been to Red Barron for some years, Dick Turpins would have been a better name.

That silly money for dirt.

Red Baron's rates based on land [987m²] value of $5.6million plus a mere $0.4million of improvements.

We're on 574m² with value $1.475million plus $0.35million of improvements.

As for paying for CRL [underground rail] I'm okay with the council helping government pay for infrastructure that should have been built years ago. But as for the America Cup village, if those rich boys want to sail their yachts in the gulf, then they can pay for the pleasure, plus any business that thinks it will also benefit.

[Voltaire]

yeah but you're guarantted to have mister whippy through the street three times a week

I haven't see a Mr Whippy around here for ages, however the local Gelato shop can do you two scoops in a waffle cone for $7.00.

As nice as that is the local dairy does two scoops of Tip Top in a plain cone for $2.50.

[trustme]

I tried to go to Red Baron the other day but gave up. Parking is nigh on impossible if you are in a car .

[AllanB]

But as for the America Cup village, if those rich boys want to sail their yachts in the gulf, then they can pay for the pleasure, plus any business that thinks it will also benefit.

A couple weeks back the Govt put more money into it - Pretty sure it is close to $40 million coming from your taxes to assist the Cup now. Huge money.

And as you say it is a billionaires game.

[HenryDorsetCase]

What, he's not allowed to park on his own property? Don't get me wrong, if I were in retail and customer numbers were limited by parking then my car wouldn't be anywhere near the business. Neither would the employees' cars. That's the point: my property, my rules, if the council wants to make the rules they should buy the property.

Let's just say that if I'm required to pay significantly more tax than I currently do then I will indeed be spending several months a year off shore as a method of minimising that loss. Also, any attempt to impose a wealth tax here will see me move that wealth elsewhere.

If you need a referral for tax advice let me know. We've got a guy. Your issue though would be unless you move your assets and your business to a low tax jurisdiction so that your income is earned offshore then your tax residency most likely would be where the income is earned. Oh yeah, those "low tax" places you want to go? vietnam, China (good luck with that) Thailand, Indonesia, Bangladesh etc. All delightful to visit but would you want to live there? Where do you want to retire to? What is it with this Chicago school "all tax is theft" mentality? I've never understood it. In fact, I put it to you that if you are doing well, it is your duty to help others. Let me know and I will shout you a years membership to the Labour Party.

I always say to people dont fret about paying tax, because if you are paying tax you are making money.

I also think it isnt "several" months in my understanding it is 183 days. Or it might be 60. or something - the gotcha here is different tax types have different rules. Its hilarious.

[jellywrestler]

I also think it isnt "several" months in my understanding it is 183 days. Or it might be 60. or something - the gotcha here is different tax types have different rules. Its hilarious.

who come up with a figure of 183 days, sounds like the same clown who offers 57 virgins if you blow up something while wearing a towel on your head?

[HenryDorsetCase]

yeah but you're guarantted to have mister whippy through the street three times a week

only cos the icecream truck is a front for selling meth....

[HenryDorsetCase]

who come up with a figure of 183 days, sounds like the same clown who offers 57 virgins if you blow up something while wearing a towel on your head?

its one of the tests in the income tax act for whether you are "resident" in UnZud for tax purposes, and its also relevant in the Residential Land Witholding tax area as well for non-residents. Oh and the other one is the "am I qualified to buy property in UnZud" which is three different regimes that use the same or a similar test. I've got some flow charts and shit (and some very clever staff) at work - no way can a simple country boy memorise this shit.

[AllanB]

They make tax in NZ deliberately difficult so you don't question it. Thus the benefit of using a good accountant that specializes in tax.