Adopt fairer regulation and tax settings
We believe a tax system can be fair while also encouraging smart investment that funds our cities.
Regulation, policies and taxes can either enable or stifle growth. Unreasonable regulation and poorly designed tax systems cost the property sector hundreds of millions a year.
These include restrictions on much-needed new investment, an inequitable approach to funding the fire service and ongoing uncertainty around depreciation for non-residential buildings. We want to see fairer regulation and policies alongside a tax system that encourages smarter investment to fund, build and maintain our cities.
Topics include:
- Overseas investment
- Fire and Emergency New Zealand funding
- Depreciation for buildings.
Recommendations
- Amend the Overseas Investment Act to create a robust and resilient investment environment that attracts much-needed overseas investment.
- Re-design the funding model for FENZ, to ensure all sectors are contributing a fair and equitable portion of the cost of delivering this critical service.
- Continue depreciation for non-residential (commercial and industrial) buildings and extend it to Build to Rent.
Member taskforces
Fire & Emergency NZ
Funding Taskforce
The FENZ Funding Taskforce aims to redesign how the current fire service is funded, requesting a move towards a more fit-for-purpose funding scheme.
Property Council is honoured to work with members from across the property spectrum on this important issue, including:
- Anton Shead, Goodman
- Brady Cosgrove, Cosgroves
- David Snelling, Argosy
- Erica Chapman-Oliver, Gibbons
- Jonathan Simpson, Goodman
- Louise Martin, Auckland International Airport
- Olga Druzhinina, Development Advisory Services Limited
- Sarah Beale, PFI
- Sarah Tuohy, Foodstuffs
- Trevor Wairepo, Kiwi Property
Value Capture Taskforce
Our current Value Capture Taskforce includes:
- Aaron Simperingham, Kāinga Ora – Homes and Communities
- Andrew Hay, Fife Capital Pty
- Bruce Rendall, Christchurch City Council
- Daniel Collins, Buddle Findlay
- David Jones, Hamilton City Council
- David Schwartfeger, Kiwi Property
- Francis Tse, Beca
- Gerard Earl, Colliers
- Graeme Birkhead, Graeme Birkhead Consulting
- Greg Neill, Russell McVeagh
- James Angus, Auckland International Airport
- Katie Beveridge, The Property Group
- Martin Cooper, Cooper and Associates
- Matt Wheeler, Beca
- Patrick Fontein, Studio D4
- Patrick McVeigh, Beca
- Roger Davidson, Queenstown Lakes District Council
- Sarah Delamore, Jasmax
- Tom Barclay, PwC – Christchurch
- Tom Locke, Warren and Mahoney
Contact
For further information or to get involved, contact:
Katherine Wilson
Head of Advocacy
katherine@propertynz.co.nz
