What do High Rises have to do with Tax Time?
A lot really…..well a lot of you want to minimise the amount of tax you want to pay.
Many years ago apartments became the pick of investment vehicles in Australia because of the tax benefits. The same will happen here in New Zealand, it’s not something that is widely known here yet as people invest in property because Kiwis have a strange love affair with the asset class.
Talking with Developer Kenyon Clarke about his new development it is easy to see why.
The new development Kenyon is building will probably be sold to those on the waiting list of top real estate companies like Colliers international which means most of us will have to wait for the next development and only then if we add ourselves to the waiting list as well.
The developments provide potential for capital growth, income and tax benefits over and above what you would get in other asset classes.