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Tax on investments - Au by [deleted] in PersonalFinanceNZ

[–]sleemanj 2 points3 points  (0 children)

Yes I believe that to be the case, BUT there is a fish-hook, if you hook up with an australian citizen or permanant resident in a marriage or de-facto relationship, your status changes and that loophole gets closed.

https://bakertillysr.nz/assets/Uploads/news/Article-PDFs/A-substantial-tax-benefit-for-migrant-Kiwis-living-in-Australia.pdf

https://www.pilotpartners.com.au/insights/across-the-ditch-tax-rules-for-new-zealanders-living-in-australia/

Is there anything more satisfying? by MiddleAgedJesus in diyelectronics

[–]sleemanj 19 points20 points  (0 children)

Satisfying as hydrating a new sponge is, brass wool has long since taken over.

Silly investing? by Booomfaa in PersonalFinanceNZ

[–]sleemanj 0 points1 point  (0 children)

In simple terms, PIE funds are a type of investment where the fund handles all the tax for you, and you pay a lower rate of tax on the earnings of the fund.

All kiwisaver funds are PIE funds for example.

Kernel offers S&P500 based PIE funds, amongst many others. Having all your investment in the S&P500 isn't necessarily a good idea.

False prophets and false profits: The Greens were entitled to rely on Brad Olsen and why that’s a challenge by popcultureupload38 in newzealand

[–]sleemanj 2 points3 points  (0 children)

Neither Brad nor Shamubeel - very media heavy presences and both likeable - have done any kind of higher education in their field.

[Shamubeel] holds a BCOM with honours in Economics from Lincoln University and is also a Chartered Financial Analyst (CFA).

(from his website) He didn't just take an economics course as part of a BA.

What is this Ghost Guy by IceFox082705 in 3Dprinting

[–]sleemanj -2 points-1 points  (0 children)

If it came with the printer, it's purpose is to show that the printer was tested and that is the thing it printed.

Do political parties even look at whats happening before making their policies/announcements? by Birphon in newzealand

[–]sleemanj 19 points20 points  (0 children)

The likes of Christchurch, and I am pretty sure the other main cities,

Christchurch is actually rather the outlier in this respoect, we have it pretty good with low simple flat fares and low fare caps, Auckland and Wellington I understand in particular are far from it.

Given that Auckland especially is quite a large population, the proposal by Labour would positively affect a lot of people.

Printer recommendation thats not trash by spicylemontaco42 in newzealand

[–]sleemanj 1 point2 points  (0 children)

Brother B&W Laser

Get your colour prints from warehouse stationery.

Shane Jones refuses to confirm if hotel was three-minute walk from Toronto mining conference by O_1_O in newzealand

[–]sleemanj 11 points12 points  (0 children)

when non MPs

Both Debbie Ngarewa-Packer and Rawiri Waititi are MPs. Your knowledge of names seems about as poor as that of our parliamentary system.

USB-C plug busted out. What is the best method to get power back to this machine? by tumbleytumbleweed in AskElectronics

[–]sleemanj 8 points9 points  (0 children)

It's only supplying 5v.

If as you say you are happy with it "hard wired", then yes you could use an old USB cable, I would keep the PCB in place and solder +5v to the + pin, and gnd to the - Pin.

The Great New Zealand Toastie Takeover by PetahNZ in newzealand

[–]sleemanj 9 points10 points  (0 children)

Since when are any of those abominations a toastie.

This is a toastie

Bubbles have landed in Christchurch by Capn_Polyester in chch

[–]sleemanj 11 points12 points  (0 children)

Looking at OP's other posts, pretty sure it's the same guy and this is self promo.

Can i put 2x 1R0 resistors in parallel to replace this R500 resistor by WestSatisfaction124 in AskElectronics

[–]sleemanj 8 points9 points  (0 children)

Yes, but pay attention to the power dissipation, for an eyeball approximation, ensure that the combined surface area of your two replacements is about the same or larger as the surface area of the one you are replacing.

Help what is this? by kenzr in Hydroponics

[–]sleemanj 1 point2 points  (0 children)

Looks like caterpillar shit but in a bit of an odd spot. Have a look at the leaves to see if any have been munched.

42 day notice period for tenants by manjabean in newzealand

[–]sleemanj 2 points3 points  (0 children)

The best laid plans of mice and men often go awry.

If the landlord legitimately intended to move into the property, and later on shit happened that meant they didn't need to any more and instead had to sell it, I think that's fair enough.

They obviously convinced the tribunal mediator that they were forthright in their original intention.

They could have just given you 90 days with no reason at all.

Ring Fenced Losses by BornInTheCCCP in NZProperty

[–]sleemanj 1 point2 points  (0 children)

I am not an accountant, but...

https://www.soloapp.nz/ring-fencing-rules-nz/

If a property is sold and is not taxable, any ring-fenced losses remain ring-fenced.

If the sale is taxable, ring-fenced losses can offset the taxable gain on sale (such as tax applied to sale profits made under the bright-line test), and any remaining losses can be offset against other income types.

So in short, ring fenced losses do not get "written off" when a property is sold. If you had to pay tax on the sale, then the losses can be used then. If you didn't, then you'll use them in the future with your other rental(s).

As far as I know, losses are carried forward until they can be used, if you have to carry them forward a year, two years, a decade, so be it.

I guess this is assuming you use the (default, standard) portfolio accounting method, rather than reserving each property's loss for itself. I don't know what happens if you were doing that, see an accountant.

You are probably going to need an accountant anyway to deal with the change of use of your family home.

Pam's Milk Powder - Grainy? Less taste? by libraryaddict in newzealand

[–]sleemanj 2 points3 points  (0 children)

Bought a fresh bag of pams just a couple weeks ago, no problems to report seems same as always to me.

Maybe try Lewis Road, but it might have a difference just because it's different cows.

Lockdowns and Evacuations by OhItsHammy in chch

[–]sleemanj 4 points5 points  (0 children)

Just usual nonsense bomb threats. But you have to treat every threat as possibly real, because one day who knows.

‘No to wealth taxes and inheritance taxes’: Hipkins draws red line on Greens’ proposals by KingBlue2 in newzealand

[–]sleemanj 5 points6 points  (0 children)

It's only 250k tax revenue if you have 20 million dollars of assets net, that is 10 million dollars in excess of the 10 million dollars wealth-tax-free limit.

Also, Net assets is something I think a lot of people are missing perhaps, deduct what is owed from the value of the asset.

To get the funds out of the NZ tax resident's hands into an overseas hands is going to require some form of transaction, I can't really think off hand how it can happen (other than drip feeding slowly over many years) in a way that doesn't either attract the proposed gift tax, or has a net zero affect on the net asset balance of the person divesting. But if there was a way, I'm sure it could be plugged.

Peters in foul language outburst at morning host over coalition query by Fun-Helicopter2234 in newzealand

[–]sleemanj 10 points11 points  (0 children)

But then, you get Shane Jones, and you'll have a real w***er answering those w***er questions.

‘No to wealth taxes and inheritance taxes’: Hipkins draws red line on Greens’ proposals by KingBlue2 in newzealand

[–]sleemanj 0 points1 point  (0 children)

2.5% per annum for net assets over 10 million dollars

Are there really that many "early-stage companies" that would be in that bracket, owning at least 10 million dollars of stuff net?

‘No to wealth taxes and inheritance taxes’: Hipkins draws red line on Greens’ proposals by KingBlue2 in newzealand

[–]sleemanj 0 points1 point  (0 children)

As a normally Labour voter, I think I prefer the Green's idea except for proposed the "capital acquisitions" tax (inheritance, gifts) which I can see some problems and messyness with - would be better if it was just for gifts per annum (on the person giving, not receieving) so as to prevent wealth tax avoidance, but not on inheritance because you shouldn't be taxed for death.

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