Hi there, I am a newby in property investment, and I am negotiating the purchase of a couple of apartments in Auckland, NZ. The vendor is from overseas and is in financial trouble, therefore I can get them at a substantial “discount”. My question is… Is there a way to realise a capital gain without actually selling, thus paying tax? I read about it in some book by Dolf De Roos, but cannot remember the technique. Something to do with refinancing with the higher valuation…? Please help.
Thx, Curtis.
The easiest way to do it if you can afford it is to buy theunits cash then refinance them the nex day based on valuation. You may want to do a valuation first to ensure this tactic will work.
The alternative is to find a lender in NZ willing to lend on valuation rather than purchase cost.
Enjoy
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(Andrew)“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
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