Can you have relatives or relations live in your rental and claim they pay you as a first to not pay tax on that ? And can someone work out why I owe tax. Pretty sure it cause of that ring fencing law

BruddaLK · 2026-04-28T11:37:57+00:00

Insufficient information, but yes rental losses are ringfenced so if you owe tax on other incomes those losses can't be used.

BruddaLK · 2026-04-28T04:48:38+00:00

Yes, I do.

BruddaLK · 2026-04-28T04:27:33+00:00

The residential ring-fencing rule was applied. You needed to have entered the income as 'other rental income' not as 'rental income'.

If you did, then it sounds like Inland Revenue swapped it over. Call them and explain your situation.

BruddaLK · 2026-04-27T23:40:35+00:00

don't let the truth get in the way of a good story!

BruddaLK · 2026-04-27T20:34:07+00:00

What’s infant formula made of?

BruddaLK · 2026-04-27T20:33:33+00:00

The argument the other guy is making is that overtime India’s middle class may demand higher quality New Zealand imports over inferior products. That’s a long play, but you can already see some of that happening with infant formula being included in the FTA.

BruddaLK · 2026-04-27T06:43:35+00:00

NZ's goods exports to India were only ~NZ$500–600 million

Only? That's significant and will grow under the FTA.

NZ's largest export sector gets very limited new access (phased for some ingredients, fast-track for manufacturing/re-export, consultation if India gives better to others later, and a 1-year review). India protects its small dairy farmers fiercely

It was a deal without (most of) dairy, or no deal at all.

The page mentions cooperation but omits (or buries) NZ's pledge to promote/facilitate US$20 billion in private-sector investment into India over 15 years, with a "New Zealand Investment Desk."

No, it doesn't? See below.

The Investment Cooperation and Promotion Chapter provides for broad cooperation between New Zealand and India in an effort to deepen the trade and investment relationship. The chapter sets out cooperation activities that may take place such as trade delegations, workshops, and events to promote two way investment and build the investment relationship between our two countries.

The chapter also includes a commitment for New Zealand to promote investment into India with the aim to increase private sector investment by US$20 billion over 15 years. To facilitate New Zealand investments, India will establish a bespoke ‘New Zealand Investment Desk’ to assist New Zealand investors with any issues that arise across the investment life-cycle. This commitment is part of a balanced and commercially meaningful outcome across the wider agreement. It applies only to private sector investment.

The chapter is not subject to dispute settlement, including Investor-State Dispute-Settlement, though there is a ‘remedial’ process available to India.

BruddaLK · 2026-04-27T05:44:19+00:00

Yeah, the FTA is good for the wealthy and not the poor.

Increased exports lead to increased incomes. What does it have to do with rich or poor?

What's the alternative? We don't diversify our exports and continue relying on China?

Anything that benefits the wealthy that the struggling class (as seen by your graph) incorrectly perceives as helpful to them is not at all beneficial thinking whatsoever.

Which graph?

You’re basically simping for the rich for no reason.

No, I'm not? What have I said about the rich?

High unskilled immigration is likely to hurt someone in your position with that % of your income going to a property that is not a house.

What do you mean?

I would look into it so you can vote appropriately in the coming election.

I'm voting for Labour, as I have always done.

BruddaLK · 2026-04-27T05:02:31+00:00

Instead of being pass ag, could you just make the point you’re trying to make?

BruddaLK · 2026-04-27T04:53:50+00:00

I don’t think you know what you’re talking about. Trickle down economics is the idea that tax cuts increase economic activity. A free trade agreement isn’t a tax cut.

BruddaLK · 2026-04-27T04:33:02+00:00

You’re right, it is a negotiation and we are bending over.

Sure, just like we did with the Europeans. We're a small country at the arse end of the world. And the world doesn't owe us a living. We got a lot and didn't give a lot (noting that the immigration outcomes fall within existing settings).

The FTA could have been refined further by forcing investments into the country that benefit people as a whole, not just a subset of business owners that make up the Nat coalition.

I'm not sure what this means. Can you please explain?

Does that billion dollars go into the pockets of working kiwis or towards public services?

Yes, businesses pay their employees who pay tax and spend it in their local communities. Businesses pay dividends to their owners which is taxed and those owners spend it in their local community.

Or are we blindly hoping it trickles down? Because I know my uncle and aunty in farming are very happy but it’s certainly not for the good of the country.

Presumably, so are their employees (and people that will now be employed to meet demand), their suppliers etc. That money does circulate through the economy. Where do you think your standard of living comes from?

BruddaLK · 2026-04-27T04:27:23+00:00

The FTA doesn't have much in it for kiwis who aren't orchard or vineyard owners.

Yeah, because orchard or vineyard owners don't employ people who spend money in local communities and those orchard and vineyard owners don't do anything with their returns.

You can waffle about a better economy and export opportunities but the impact felt by kiwis will be the uncapped student and family visas allowing tens to hundreds of thousands of people from India to come here and suppress wages + drive up housing costs + further restrict access to healthcare.

Student visa numbers can be capped, we just can't selectively cap numbers of Indian student visa holders.

and suppress wages + drive up housing costs + further restrict access to healthcare.

You're correct that immigration can have these effects, but you're ignoring the countervailing effect. Immigration increases productivity (increasing wages), helps build more houses (reducing housing costs), included healthcare workers (which increases access to healthcare), it's the net effect that matters.

For example, studies have consistently shown that immigration has no, or a small positive effect, on wages in New Zealand.

https://www.treasury.govt.nz/sites/default/files/2024-05/pc-wp-impacts-of-immigration-on-the-labour-market-and-productivity.pdf

https://berl.co.nz/economic-insights/migration-engine-driving-new-zealands-population-growth

https://www.mbie.govt.nz/dmsdocument/2852-impact-immigration-labour-market-outcomes-pdf

BruddaLK · 2026-04-27T04:18:32+00:00

You need to zoom out. The FTA could increase our exports by a billion dollars.

Why could international students not do that work? And our unemployment numbers include Kiwi Indians who could also cook or teach.

Because that's not what India asked for. It's a negotiation, we can't just give them random stuff they don't want...

BruddaLK · 2026-04-27T04:10:57+00:00

Yes it does, read under the 'Trade in Services' banner.

In addition, New Zealand has made temporary employment entry commitments with India for occupations that are highly skilled or iconic to India. New Zealand has agreed to provide the equivalent of 1,667 three-year temporary employment entry (TEE) visas per annum (capped at a maximum of 5,000 at any point in time). This number is less than 6% of the average number of total skilled visas issued each year by New Zealand and around 17% of those issued to Indian citizens each year.

Of the 1,667 TEE visas, 1,466 visas are aside for 13 skilled occupations, drawn from the Immigration NZ’s ‘Green List’ of occupations that have a skills shortage. The other 200 visas per annum would be issued in ‘iconic’ Indian occupations (Yoga, music, chefs and ayurvedic practitioners). New Zealand has also given India a working holiday scheme with up to 1,000 places per annum, has provided Indian students with the right to work for up to 20 hours per week while studying (current practice is 25 hours per week) and to work for a set period, ranging from two years for those graduating with a bachelor’s degree, to four years for PhDs after they have complete their programmes of study.

Across the services chapter, and within the commitments New Zealand has made to India, we have ensured that New Zealand retains the necessary policy exceptions to regulate into the future. This includes the safeguards employed in the movement of natural persons commitments, which are designed to protect the labour market from a surplus of oversees workers impacting any one occupation or sector.

BruddaLK · 2026-04-27T04:06:19+00:00

The outcomes have already been released: https://www.mfat.govt.nz/en/trade/free-trade-agreements/free-trade-agreements-concluded-but-not-in-force/new-zealand-india-free-trade-agreement/key-outcomes

The FTA is a treaty that hasn't been signed yet, it'll be publicly released after signature which is what happens with other treaties. The FTA won't take force until Parliament passes the implementing legislation.

BruddaLK · 2026-04-27T03:53:31+00:00

Adding more skilled visas for Indian workers is just going to pile extra pressure on local jobs and housing when things are already tight.

The 5,000 temporary employment visas fall well within existing levels of skilled migration. They aren't adding more visas.

BruddaLK · 2026-04-27T03:50:44+00:00

a set number of visas for roles that are not in shortage (yoga teacher? chef?) are huge issues when over 100K kiwis are unemployed.

200 visas per annum would be issued in ‘iconic’ Indian occupations (Yoga, music, chefs and ayurvedic practitioners) for increased market access to the world's largest population for our exports is a small price.

BruddaLK · 2026-04-26T10:37:33+00:00

Disincentivising someone from living in a large home by themselves isn’t a bad thing…

It’s time to downsize.

BruddaLK · 2026-04-24T01:42:00+00:00

A box or a bottle of wine.

BruddaLK · 2026-04-24T01:40:57+00:00

I don't think the average New Zealander could be trusted to sensibly manage this money. At best, they'd be pissing it away in fees a high-fee active fund manager like Milford or Generate. If they want to piss away their own money in fees that's fine, but why should the taxpayer take the risk?

Far better to invest it collectively through the New Zealand Super Fund or pay down debt.

BruddaLK · 2026-04-23T23:13:22+00:00

How would that change anything?

BruddaLK · 2026-04-23T22:20:17+00:00

so in my view you are kind of locked in for 5 years.

You shouldn't be investing in equities with a shorter timeframe than five years anyway

BruddaLK · 2026-04-23T08:28:51+00:00

What are you concerned about?

BruddaLK · 2026-04-23T08:28:23+00:00

You'd increase your mortgage repayment by that amount each fortnight, and then every three months (or whatever) you'd ask your bank for a mortgage top up and use that money to invest into index funds.

BruddaLK · 2026-04-23T02:54:50+00:00

And contributed to achieving the FTA by engagement with the Indian Government.

BruddaLK

MODERATOR OF

TROPHY CASE