We recently purchased this property in West Auckland for our client at auction. This 1960’s weatherboard home is a classic example of the type of property that has proven over time to provide great capital growth for our clients – full site, great street appeal, elevated city views and north/ east facing – we knew…
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In New Zealand, commonly used legal structures for holding investment properties include personal name, trusts, and look-through companies. Each have their own benefits and drawbacks, and their usage will vary depending on the user’s circumstances. This article provides background information on the Look-through Company, and the benefits and drawbacks associated with using this legal structure…
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On Thursday 12 June, the Reserve Bank of New Zealand (RBNZ) lifted the Official Cash Rate (OCR) by 25 basis points to 3.25% as anticipated. What will be the impact of this increase? What will be the impact? Floating Mortgage Rate – Floating mortgage rates will increase, with lenders likely to follow ANZ’s lead and…
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For both companies and private investors, debt is commonly used as a tool for tax management when operating in more than one tax jurisdiction. In the case of New Zealand, the Thin Capitalisation rule was introduced in 1996 as a part of the Income Tax Act, with the purpose of limiting the scope to which…
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In March, the BNZ-REINZ residential market survey of real estate sales agents reveals an ease in market sentiment, as agents around the country reported most regions to be in equilibrium as buyers began to tentatively re-enter the market after adjusting to last year’s change in lending rules. However, anecdotal evidence from the survey is suggesting…
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In New Zealand, commonly used legal structures for holding investment properties include personal name, trusts, and look-through companies. Each have their own benefits and drawbacks, and their usage will vary depending on the user’s circumstances. This article provides background information on the Look-through Company, and the benefits and drawbacks associated with using this legal structure…
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There’s one network which enables Kiwi expats and businesses to find international opportunities. Kea’s global community has now surpassed 300,000, creating more opportunities than ever to leverage New Zealand’s international network – opportunities for invaluable connection which can help the individual or the organisation, strengthening New Zealand’s international connectivity. In their April 2014 issue, Director…
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For New Zealand citizens living abroad, it can be at times confusing as to whether you are still a New Zealand tax resident even though you are based overseas. This article background information on New Zealand tax residency. How is tax residency determined in New Zealand? In New Zealand, you are a tax resident if…
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Taxation has always been a complex area to navigate. However, when it comes to investing in properties overseas, a thorough understanding of your local tax obligations is important to help you structure your investments to allow you to utilise your losses and minimise tax obligations. What is tax residency? For taxation purposes, there will typically…
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