MOVING
FORWARD
THE WALSH & ASSOCIATES NEWSLETTER
“IF YOU CAN’T FLY THEN RUN, IF YOU CAN’T
RUN THEN WALK, IF YOU CAN’T WALK THEN
CRAWL, BUT WHATEVER YOU DO YOU HAVE
TO KEEP MOVING FORWARD.”
FEBRUARY 19, 2024 | LATEST NEWS
EAGLE EYE PROPERTY INSIGHTS
Thinking of investment property or renting space in your home? have a read of the latest thoughts from our resident property guru Graeme Eagle.
1. As a property investor your rental income is the lifeblood of your business. With ever increasing costs such as interest rates, insurance, maintenance and reduced interest deductibility its important rents are monitored regularly and bought into line with market rent. I find investors who manage their own properties tend to under-rent their properties. An investor may be keeping the rent low for a good long-term tenant but at the end of the day they are not doing their ten
2. I recently completed a tax return for a client who had rental income from a flat-mate and it got me thinking. A lot people have a perception that they don’t need to pay tax on rental income from flat-mates or boarders when in fact they do have an obligation to do so under our tax laws. I’m sure a lot of rental income from these doesn’t get reported to the IRD. It’s important people are aware of this so they don’t get a nasty surprise when their tax return is prep
3. I have recently read that the banks have now got their systems in place for the proposed Debt to Income Ratios. These proposals set by the Reserve Bank limit the amount a person can borrow based on their income level. Owner-occupiers will be allowed to borrow up-to 6 times their income and investors seven times their income. I’m not sure whether the proposals will be bought in but if they are it will push a lot more lending through second-tier lenders and dampen the prop
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NEWS ARCHIVES
1. Sometimes as a property investor you may want to withdraw some funds for personal use-usually from the sale of
HOW DO YOU KNOW IF TAX POOLING IS RIGHT FOR YOU?
Could tax pooling be your financial game-changer? 🤔 There’s a few things to consider before making a decision. We can
Thanks to the team over at Prosaic (an amazing startup using AI to work out GST expenses for tax
Thinking of investment property or renting space in your home? have a read of the latest thoughts from
DEMYSTIFYING PROVISIONAL TAX MYTHS
While we’re on the topic of Provisional Tax, we thought it would be a great time to demystify some