Is interest payments on family homes tax deductible?
Things that really bother you
- Thread starter Miragedriver
- Start date
Is interest payments on family homes tax deductible?
The cost of replacement car keys is a complete rort in my opinion.
The average cost of replacement of that lost car key is about $400. in one incident Honda charged an elderly man $1400 + for a replacement key for his Honda Fit.
I wonder if the profit margin on the basic item are so squeezed, retailers have to think of ways to squeeze more money out of the suffering purchaser by offering unnecessary extended warranties for a few hundred dollars more.
The average cost of replacement of that lost car key is about $400. in one incident Honda charged an elderly man $1400 + for a replacement key for his Honda Fit.
I wonder if the profit margin on the basic item are so squeezed, retailers have to think of ways to squeeze more money out of the suffering purchaser by offering unnecessary extended warranties for a few hundred dollars more.
vesicles
Colonel
My VW replacement key costed $80...
TerraN_EmpirE
Tyrant King
.... Oh so the extra $35.00 I was counting on is not coming this week and my main paycheck is already going to be smaller.... Great... Could you maybe have told me that like last week and not less then 4 hours before I was supposed to show for work....
Its still dear when one considers you could once get a spare key cut for $5.
Excluding new cars, most dealers of used Japanese imports only provide one key and if you want a spare, you have to go to the agents of the car manufacturer, at a cost of several hundred dollars.Worse still Sabaru won,t let the key coding out to independent third parties and apparently they charge thousands for the spare.
This is probably more appropriate in the what the heck thread.
Did you know that we use 420 litres of water to produce one litre of milk to export to China.
Meanwhile NZ exports millions of litres of bottled water to China.
Therefore I think we should close down our dairy farm operation and just export the spring water from our bores. Easy money with less exhaustive work.
Did you know that we use 420 litres of water to produce one litre of milk to export to China.
Meanwhile NZ exports millions of litres of bottled water to China.
Therefore I think we should close down our dairy farm operation and just export the spring water from our bores. Easy money with less exhaustive work.
I have an older Camry a 2003 and a key cut cost only $5 bucks American. These newer model vehicles with chips in the keys cost a small fortune. Ridiculous.
It is in Australia if the property is declared as an investment and contribute towards retirement. It is call negative gearing, that is the difference between loan repayment and rental returns lower your taxable income.
I see, but that's not quite like the US where I believe the interest on home purchase loans were tax deductible.I don't know whether that's a good thing as there would be less incentive to pay the loan back as quickly as possible and might even inflate the house price.
So the system in Australia allows the first home purchaser to designate the first home/apartment purchase as an investment.and then rent it to himself.and then when he sells it, they pay the taxes on the capital gain?
In NZ we currently allow negative gearing and we have no capital gain tax.
However the labour party claim negative gearing contributes to high house prices and if they win the next election they will do away with it.
As a first home buyer we have to live in it for 6 months and no you can't rent it to yourself, to claim tax. Capital gains tax is not applicable to first home buyers who have live in the property for more then 6 months. The Labour Party here has made the same pledge to do away with negative gearing if they win the next election claiming the same thing. Australia's tax system is very complicated.