A sensible article stating the facts on taxation as it relates to property investment – https://bit.ly/3lR3wv5

What’s not mentioned is that if you are in the property business, any property you buy has a 10 year bright line test, not just 5 years. And, if you are in the property business, anything you develop or build you pay tax on, regardless of how long you hold it, any gain is always treated as income.

The fact is, property is more harshly taxed than business or sharemarket investing. If I, as a developer buy a property I have to hold it for at least 10 years or I am subject to income tax on the capital gain. However, if I buy a business and it doubles in value I can sell it anytime, and pay zero tax.

So the next time someone tells you property has an unfair tax advantage, call BS. It’s simply not true.

John Kenel
Assured Property

Source: Landlords.co.nz

#assuredproperty #housing #rentals #propertyinvestment