All Topics / General Property / Tax laws for investment properties in NZ

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of TrevinTrevin
    Participant
    @trevin
    Join Date: 2014
    Post Count: 1

    Hi There,

    I’m wondering if anyone could help confirming,

    If you are a resident for tax purposes here in Australia and own a couple of investment properties in NZ,

    1. The properties are subject to Australian tax laws? (i believe they should be)
    2. Any depreciation schedules (chattels/building) can be applied to them as per Australian tax guidelines.
    3. Any losses incurred can be claimed against your income (provided the properties are under your name)
    4. Although overseas, the properties are still regarded as if they were Australian investment properties.

    Appreciate your feedback,

    Cheers,

    Trev

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    1. yes
    2. yes
    3. still subject to Australian tax laws. e.g. no CGT in NZ, but as you are a resident here disposal of a NZ property would result in CGT here.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.