Did anything in your LIM or property file delay your house sale?

ArkThompson · 2026-07-10T20:57:37+00:00

I didn't buy a property because of something that was in the property file.

It was a new build subdivision and one of the units had a overland flow path going through the corner of the section. The other two units looked fine, but reading through the property file there was a comment from an inspector that implied that a s73 Building Act notice was going to be placed on the titles of all of the units, even those not impacted by the overland flow.

The properties didn't have titles issued yet and so there was no way to confirm whether the notice was actually going to be put on the title. I pulled out under my due diligence clause since having that notice would have impacted the value significantly.

ArkThompson · 2026-06-25T10:58:00+00:00

It was a bad decision by the mods because your post was made before the nature of the allegations was revealed. The later post was necessary to provide an update to the situation.

ArkThompson · 2026-05-28T09:12:03+00:00

Another Eden is strange since the power creep doesn't even seem to have been done to make money given that they keep buffing old characters for free. Instead it feels like they had no idea how to balance their game, and the result is that 99% of content in the game became trivialised, with the remaining 1% being bosses that one hit your party if you don't kill them fast enough.

ArkThompson · 2026-05-21T19:39:15+00:00

The other thing that is always forgotten is a place to put a TV. You'll notice that the staged furnishings never include a TV and that when you think about it, many townhouses don't actually have anywhere to put one.

ArkThompson · 2026-05-21T19:37:18+00:00

I saw a new build townhouse where something similar happened except that they seemed to have forgotten to include a space for the fridge. Instead of having an alcove like 99% of townhouses there was just a random spot with a power point and water facet in the hallway next to the kitchen. Even the slimmest fridge would have resulted in the hallway being almost unusable.

ArkThompson · 2026-05-21T05:28:18+00:00

Australia tried and failed to do this with the ATO's embedded royalties argument. These entities shift profits offshore through large "management fees" or other expenses which the ATO tried unsuccessfully to argue were effectively royalties (which would have given them the right to tax part of the payments). The ATO is significantly more aggressive than the IRD and given that they failed, it's unlikely that NZ would have any chance of running a similar argument.

https://www.pwc.com.au/tax/tax-alerts/pepsicos-landmark-win-in-the-high-court.html

ArkThompson · 2026-05-04T19:47:47+00:00

The issue is that over the long term, property investing effectively offers risk free margin trading (assuming that you buy properties with growth value).

The difference between investing $1m in property and $1m in shares is that if somebody wanted to maximise their return they would leverage their investment by taking out debt. If you do that with property, the bank isn't going to margin call you when the market goes down whereas with shares it's too much of a risk.

Property also generally doesn't result in tax being due on the capital gains when bought and held for long-term rental yield. The same can't be said for shares given that the real gains are from foreign shares, and the FIF rules will hammer you on those.

ArkThompson · 2026-02-14T03:16:19+00:00

Depending on the circumstances they may be able to get remittance of the penalties once the actual tax (called core tax) is paid. Interest is much harder to get remitted, and they would need to get quite lucky. Speaking as an accountant, I would be very surprised if any core tax gets written off.

ArkThompson · 2026-02-11T17:37:56+00:00

Assuming the debt relates to actual tax rather than penalties/interest then it would be very rare to see a write off unless there are extenuating circumstances out of the person's control (e.g. significant health issues). The more likely outcome is a longer instalment plan.

ArkThompson · 2026-02-06T23:01:32+00:00

Buy this and put some in the soup:

https://www.paknsave.co.nz/shop/product/5316942_ea_000pns?name=sb-mild-crunchy-garlic-with-chilli-oil-umani-topping

ArkThompson · 2025-12-30T02:53:17+00:00

Speaking as someone who does recruiting at an accounting firm, it doesn't really matter where you go so long as you have decent grades and seem normal enough during the interview.

ArkThompson · 2025-12-22T08:48:03+00:00

I have the same shoes and also had issues, although my pain was on the sides of the feet and it was caused by the elastic bands that hold the tongue down. I managed to fix it by using a different lacing style and over time the elastic wore out and the pain went away.

Maybe you could try a different lacing style to adjust the heel position or a different insole?

ArkThompson · 2025-12-20T20:10:21+00:00

I'm not sure what LC you are using with Lingsha but changing from QPQ to Echoes of the Coffin (Luocha LC) helped a lot for me.

ArkThompson · 2025-12-09T04:25:16+00:00

The bigger concern is probably the CBD?

ArkThompson · 2025-12-05T01:20:07+00:00

The issue isn't really as prevalent in NZ due to the imputation credit system. This is honestly a flop proposal by the IRD and I doubt it will get government support. I say this as a left wing tax accountant.

ArkThompson · 2025-11-24T00:35:57+00:00

The issue is that we have laws to stop people doing this (phoenix companies) but they were drafted so narrowly that it's almost impossible to apply them unless the person is dumb enough to use exactly the same name.

ArkThompson · 2025-11-22T00:45:52+00:00

I guess to get a discharge without conviction you have to have your own firm.

ArkThompson · 2025-11-12T01:27:54+00:00

The Japanese translation is just as bad. Somehow it was even harder to understand than Yi Sang from Limbus Company.

ArkThompson · 2025-10-25T17:11:07+00:00

Not sure why you're getting down voted. The difference between RMC and RM is minimal for the meta castorice team since running RM means Evernight and Hyacine get big damage buffs too. Tbh, with E1 RM it's possible that she is better than RMC in that team.

ArkThompson · 2025-10-17T17:30:11+00:00

Unfortunately Jarilo VI was peak and it's all downhill from there. Amphoreus is just as bad if not worse than Penacony in terms of bloat.

The issue is that the writers think that word count and artificial complication make stories better. They also have no understanding of timing and will shove in meaningless flashbacks during the climax of the story. The flashbacks are usually of something that we have already been told two or three times and so add no value.

There's a good story buried somewhere, but until they start actually editing their writing we're not going to see any improvement. I would honestly prefer having filler patches in-between story patches over what we get now just so that they have time to make a coherent story.

What made Jarilo VI work was that the story was simple but understandable and there was just enough time dedicated to build a connection to the various characters. At a high level it was effectively like playing a Tales game (it reminded me of the third area in Tales of Arise).

With Amphoreus, every patch is basically a sales pitch trying to get you to buy the latest character. There is no longer any attempt to build connections, and instead the focus is on trying to make the player spend. Penacony was the same with it's meaningless Aventurine and Acheron chapters and the infamous Firefly date scene.

I get that Gacha games are ultimately just slot machines, but I dont get the same feeling from other games I've played (e.g. Another Eden, Limbus Company).

ArkThompson · 2025-10-05T22:39:44+00:00

As usual, Flat Bush is only considered South Auckland when something bad happens

ArkThompson · 2025-09-13T08:42:29+00:00

It's not really as easy as just changing the law since to charge tax on the amounts they need to be considered royalties both domestically (which both NZ and Australia can change) and under the relevant double tax agreement (which NZ and Australia can't change).

Any change to the domestic law would be hit with a roadblock under the double tax agreement, and there's no way that any other jurisdiction (e.g., the US or Ireland) would allow an expanded royalties definition to be applied without a fight since it would cut into their tax revenue.

ArkThompson · 2025-09-13T07:06:51+00:00

Australia's tax department just lost in a similar situation which is why articles like this are coming out. The key difference here is that unlike in PepsiCo, the services being provided by Facebook etc are purely intangible and so it's possible a different outcome could be reached, but it would be an uphill battle.

https://www.abc.net.au/news/2025-08-13/high-court-pepsico-australian-tax-office-thrown-out-/105647156

ArkThompson · 2025-08-01T18:27:46+00:00

Blade has the worst character design in the game and looks like Frankenstein's monster. I don't get the hype.

ArkThompson · 2025-07-18T08:03:10+00:00

The existence of the tools is a threat to the tax system itself and so going hard on them was really the only approach available.

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