City Fringe FLYER

FEBRUARY 2016
EDITION 69

New Property Tax Rules

Shaun McGivern, from Haigh Lyon, provided us with a explanation on the new tax rules. The Property Tax Rules changed
on 1 October 2015, with a couple of important changes that you should be aware of. The new bright-line test will require
Vendors to pay tax on capital gains on residential property bought and
sold within two years. There will however be three exceptions to the rule:
1. If the property being transferred qualifies as your Main Home;
2. If the property is transferred under a property relationship agreement; or
3. If the property is transferred by an executor or administrator for a
deceased persons property.
It is important that you can however only use the Main Home exemption
twice over any two year period. You are also not eligible for the Main
Home exemption if you show a regular pattern of buying and selling
residential property. You can only live in one Main Home, and that is the
home that you have the greatest connection to.
When buying, selling or transferring property in New Zealand, you will need to
provide your New Zealand IRD number, and your tax pay identification
number from any countries where you have to pay tax on your worldwide
income. You will also need to complete the Land Transfer Tax Statement
(Tax Statement) and provide this to your solicitor as they will need to enter
relevant details into the e-dealing with Land Information New Zealand, that
has been prepared to effect the transfer.
For all properties being purchased under a Trust, you are now required to
apply for an IRD number. This process could take up to two weeks.
To avoid delays in settlement, we strongly recommend applying for an IRD
number before you even start the buying or selling process, as your transfer
cannot be registered without an IRD number for the Trust. The forms for
making an application for an IRD number are avaliable online and in the
case of Trusts, the applicant will need to provide a copy of the Trust Deed
along with the tax details of each Trustee. The Inland Revenue will then issue
the Trust with its own IRD number which is entirely separate to that of the
Trustees. You will also need a fully functional New Zealand bank account as
you will need to include this on your IRD number application.
Vendors should not overlook that existing tax rules still apply to dealings in
land where the property was purchased and sold within 10 years. Typically,
these rules affect people that have been in business of dealing with land,
builders and developers or where the land has been subdivided.

A Whole Lot of
Christmas Cheer!
Santa was kept busy in one local household
delivering lots of presents to the Uhila Children made up of four sets of twins and big brother
Micah. Newest editions Mia & Levi experienced
their first visit to Santas grotto in Westfield St Lukes
along with the rest of the family,
Mum Emma, Dad Loma, Micah, Ava, Lily, Isla, Eden
Emme & Indie

It is strongly suggested that you

contact your solicitor or your
accountant at an early stage to
assess your tax position.
Submitted By Shaun
McGivern

Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!
(John Jacob Astor)

See All Our Listings at

The Team

Anne Duncan Real Estate Ltd

MREINZ

LICENSED REAL ESTATE AGENT (REAA 2008)

AUCTION

web ID AD 13345

The New Year is

here...
and so is our new
team!
Welcoming Michelle,
Anya, Rachel and
newest member Rasam!

SO L

Anne Duncan
021 996 426

Greg Whitta
021 992 612

John Covich
021 946 933

Vincent Barnao
021 275 8925

Jamie Morrison
021 684 400

Emma Duncan
021 845 347

20 Fifth Ave, Mt Albert

AUCTION 7pm Wed 16 March 2016 *
Unless sold prior

Character filled early1900s villa with

3 generous sized bedrooms. Open
plan living leads onto sundrenched,
private entertaining area.
Gladstone and MAGS school zone.
This is one not to be missed!

6 Mt Royal Ave, Mt Albert

Anne Duncan/ Emma Duncan

Wendy Keats
021 216 7332

Theo Thrasy
021 0277 6517

Kerry Glengarry
021 977 670

Sarah Williams
021 326 343

Michelle Roache 021 615 207

Miriam Fan
027 292 9778

$1,660,000

SO L

For Sale

31 Alexis Ave, Mt Albert

Joe OSullivan

$1,600,000

Joe OSullivan
0279 154 781

Michelle Roache
021 615 207

Anya Poching
021 708 968

Rachel Berry
021 195 4321

Rasam Moghimi
022 1747 007

11 Kashmir Rd, Glen Eden

OLD

By Negotiation

2/15 Stewart Rd, Mt Albert

Jamie Morrison

$900,000

Des Ryder
0274 222 334
Rentals

D
SO L

Shane Ryder
0274 222 585
Rentals

Tony Whyte
021 896 425
Rentals

Simon Puffett
021 222 2194
Rentals

Damian Sheridan
021 921 229
Rentals

HOW TO REACH US
Kerry Glengarry

746 New North Road,

Mt Albert, Auckland

Ph 09 846 9470
anneduncan.co.nz

7 Wakaroa Ave, Te Atatu Peninsula

$1,125,000

SO L

web ID AD 13327

Delightful 1960s weatherboard

bungalow. 3 bdrms, spacious
kitchen and living, make it
perfect for your family. Basking in
sunshine with 3 sets of french
doors along the north-facing
side which opens out onto an
extra large deck; ideal for
entertaining.
Rasam Moghimi 022 1747 007

For Sale

THINKING OF SELLING?
16A Fontenoy St, Mt Albert
Kerry Glengarry / Rachel Berry

$990,000

SO L

For an obligation-free appraisal of your

home, fill out this slip and drop/post it into
our offices: 746 New North Rd (opposite
Rocket Park). Well make contact after that.
Your name
Address

82 Holly St, Avondale

What best describes your

position? (tick)

55A Powell St, Avondale

Keen to sell now/soon

By Negotiation

Need appraisal before

making up my mind

Options a plenty here,

3 bedrooms with 2 living spaces
and 3 bathrooms, or substitute
one living area for a fourth
bedroom. Either way you look at it,
this home is a heart throb.

Simply interested in what

my house is worth

Phone

Jamie Morrison

Jamie Morrison 021 684 400

$904,000

City Fringe Flyer is a community newsletter and readers should seek professional guidance before acting on any advice,
opinion or information found in its columns. It is published by Anne Duncan Real Estate Ltd, which cannot accept any
liability or responsibility for any loss or damage suffered by any individual or group acting on any material it contains.
Editorial inquiries: donna.whyte@anneduncan.co.nz

Home is the nicest word there is. (Laura Wilder)

anneduncan.co.nz
22 Pasadena Avenue, Pt Chevalier

web ID AD 13325

10 Ranleigh Road, Mt Albert

Renovated duplex with

open plan living, spacious deck,
3 bedrooms, enormous master
complete with private patio
and ensuite. An alternate to
apartment living with
the added bonus of land.

AUCTION

John Covich
021 946 933
7pm Wed 17 February 2016 *

818A New North Road, Mt Albert

web ID AD 13334

AUCTION

AUCTION

Midday Wed 24 February 2016 *

26D St Lukes Road, Mt Albert

web ID AD 13330

86 Mt Royal Avenue, Mt Albert

AUCTION

Midday Wed 24 February 2016 *

42B Finch Street, Western Springs

AUCTION

web ID AD 13331

Jamie Morrison
021 684 400

AUCTION

Vincent Barnao
0212 758 925

7pm Wed 2 March 2016 *

30A Taumata Road, Sandringham

web ID AD 13344

Large 4 dbl bdrm, 2 bthrm,

family home plus a separate selfcontained granny flat. Fabulous
north facing in/outdoor living.
Extensive views from upper level.
Freehold 500m2 site, Mags zone.
Vendors have bought.

AUCTION

Greg Whitta
021 992 612

7pm Wed 2 March 2016 *

23 Monaghan Avenue, Mt Albert

web ID AD 13337

Funky 4 bdrm, 2 bthrm cedar

home spread over multiple levels.
Perfect pick for investors, families,
first home buyers or those wanting
a city fringe retreat. Open plan
living with great indoor flow to a
garden oasis.

Fabulous 2 storey bungalow in a

perfect location. Just a hop skip
and a jump to Gladstone Primary.
5 bdrms, 2 bthrms, 2 living,
gorgeous entertainers kitchen
and open plan living with
indoor/outdoor flow.

Emma Duncan
021 996 426
Anne Duncan
021 845 347

Anne Duncan
021 996 426
Emma Duncan
021 845 347

Midday Wed 24 February 2016 *

12 Brewster Avenue, Mt Albert

web ID AD 13324

AUCTION

7pm Wed 2 March 2016 *

19 Asquith Avenue, Mt Albert

Midday Wed 24 February 2016 *

Kerry Glengarry
021 977 670

web ID AD 13338

Fabulous 2 storey, 4 bdrm 1940s

stucco bungalow. Living opens
onto a large deck and private
backyard with views from the
upper level. Plenty of off-street
parking plus garage and storage
under the home. Gladstone &
Mags zone.

1930s weatherboard family

bungalow thats just oozing with
options. Open plan living and
dining with separate kitchen.
Lounge features a gas fire, large
bi-folds that open onto a patio
and a private backyard with a
dbl garage, making entertaining a
breeze. In zone for both MAGS &
Western Springs College.

AUCTION

web ID AD 13340

Home and income in MAGS zone.

A rare find four bedroom home
with two living. Large fully self
contained1 bedroom flat.

If you love the charm of villas

then look no further than this
well presented home with
character feautures throughout.
3 dbl bdrms, separate formal
lounge with open fire &
2 bthrms. The extra large
sunroom provides further
options for another bedroom,
office or living space.

Kerry Glengarry
021 977 670

Anne Duncan
021 996 426
Emma Duncan
021 845 347

7pm Wed 2 March 2016 *

This much admired residence is

simply huge with 6 bdrms,
3 bthrms, 3 living areas plus
office. Located in a handy
Mt Albert location, in zone for
MAGS and Gladstone schools.
Its ready to move in and enjoy.

Anne Duncan
021 996 426
Emma Duncan
021 845 347

web ID AD 13335

Located in the Golden Triangle, this

impressive and instantly appealing
extra large family home will tick all
the boxes. Awesome views, 5
bdrms plus an office, 3 bthrms and
4 living areas, with fantastic
indoor/outdoor flow. Be quick this
is worth getting excited about.

AUCTION

7pm Wed 2 March 2016 *

Kerry Glengarry
021 977 670

* Unless sold prior to auction date

* All auctions will be held in the Anne Duncan Real Estate Auction room - 746 New North Road, Mt Albert

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1/68 Malvern Road, Mt Albert

web ID AD 13326

19 Layard Street, Avondale

web ID AD 13341

Sunny & light, this 1 bedroom,

weatherboard unit is the first in
a block of 4 and includes 1 off
street car park. With a leafy
outlook to Fowlds Park and
living flowing to a private and
sunny courtyard, this is perfect
for investors, downsizers or
first home buyers.

AUCTION

Rachel Berry
021 195 4321

7pm Wed 2 March 2016 *

3/9 Fairleigh Avenue, Mt Albert

AUCTION

web ID AD 13339

Recently renovated three

bedroom, 1960s bungalow on
a freehold site.
Walk to shops, transport
and more!
Jamie Morrison
021 684 400

AUCTION

7pm Wed 2 March 2016 *

36A Riserra Drive, Ranui

web ID AD 13336

Spacious one bedroom brick

and tile duplex located in a
sought after Mt Albert location.
Open plan living with plenty of
storage, perfect for an
investment, downsizing or 1st
home opportunity.

Cutie in Ranui.
First home buyers and landlords
must view this recently
decorated 3 bedroom home
with seperate activity area for
office/study/workshop.

Emma Duncan
021 845 347
Anne Duncan
021 996 426

Wendy Keats
0212 167 332
Sarah Williams
021 326 343

7pm Wed 2 March 2016 *

61 Bollard Avenue, New Windsor

web ID AD 13333

AUCTION

7pm Wed 2 March 2016 *

61A Finch Street, Western Springs

Room to improve in this 1960s

2 bedroom home with
polished floors and open plan
living. Fully fenced private
garden, stand-alone single and
double garages on 506m2
freehold site.

AUCTION

Wendy Keats
021 216 7332
Sarah Williams
021 326 343

7pm Wed 2 March 2016 *

21 Powell Street, Avondale

web ID AD 13332

Become the inspired owner of

this scarce city fringe freehold
357m2 section that comes with
an architecturally designed
concept plan of a 4 bedroom,
North facing home, with
approved resource consent.
Build your new home here.

Vincent Barnao
021 275 8925

7pm Wed 2 March 2016 *

26A Hatherlow Street, Glenfield

AUCTION

7pm Wed 2 March 2016 *

web ID AD 13328

Rachel Berry
021 195 4321

BY NEG set date of sale - 1pm 3 March 2016*

31 Kingsland Avenue, Kingsland

web ID AD 13343

Charming cottage is located in a

desirable inner city area, just a
short walk from the train station,
buses, cafes and restaurants.
Featuring 2 dbl bdrms (master
with sunroom) with French doors
in both opening onto a lovely
verandah. Chefs kitchen, views
out to the private, sunny and flat
North-East garden.

1920s character, brick and solid

plaster bungalow currently utilized
as 3 bdrm and office. Open plan
living with French doors opening
onto covered deck. This home
provides unlimited opportunity to
add even further value. Sitting on a
generous cross lease (undivided
1/2 share of 1323m2) with its own
driveway entrance.

AUCTION

web ID AD 13329

AUCTION

12pm Wed 9 March 2016 *

Vincent Barnao
021 275 8925

137 Taylors Road, Mt Albert

web ID AD 13323

Affordable renovated first home

in ROW position, on a generous
cross lease site. 3 dble bdrms,
open plan with polished floors
and white walls give this home a
contemporary look.

Renovated 1930s character

home comprising 4 bdrms, 2
bthrms, modern kitchen and
open plan living. Large deck
that flows into garden with
off-street parking close to Mt
Albert Grammar School.

Vincent Barnao
021 275 8925

Wendy Keats
021 216 7332
Sarah Williams
021 326 343

AUCTION

7pm Wed 16 March 2016 *

* Unless sold prior to auction date

* All auctions will be held in the Anne Duncan Real Estate Auction room - 746 New North Road, Mt Albert