Forum Replies Created
Joe,
Congrats. I think one of the hardest things is taking action and making the initial step.
Do you plan on seeing the property for yourself ?
Andrew.
hmm..
I think I must have scared everyone away with scary tax talk
[blush2]
Gumpshots
Just to clarify – are you saying NZ won’t consider anyone on less than 150k for NZ/yen loans specifically?
cheers,
andrew.Westan,
Who would you normally get to do your independent rental assessments? Just other agents in the area ?
Cheers,
Andrew.Hi there,
First I have to admit my ignorance of the NZ tax laws so please correct me if anything is inaccurate.
I’ve been doing a course on australian tax law. One of the first things we looked at was the two concepts of Residency and Source.
Now if you were to set up an NZ type structure, it would presumably have a NZ resident trustee company. From memory companies are defined to be Australian residents if they are incorporated in australia, or have central management & control in Aus, or the voting power is controlled by Aus residents.
Wouldn’t this make the NZ trustee company also an Aus resident?
this is where things start to get a bit hazy for me…
– obviously if the NZ trustee company is classified as an Aussie resident as well, then this is where the DTAs come in…can anyone elighten ?
– who would be the beneficiaries of the NZ trust ? Presumably if you were australian and a beneficiary, when you receive a distribution from the nz trust. Would this distribution just count as income (rather than CGT) to the beneficiary in their australian tax return?
cheers,
Andrew.Steve,
if I did choose to borrow in Australia through a broker, will they lend to me in NZD or do I get a loan for AUD and then have to do the conversion myself?
Andrew.[cap]
Pardon my ignorance, what does SVR stand for ?
As opposed to LVR?
Thanks,
Andrew.Robert,
What does the Finance Brokers Contract look like ? I have been looking at a few properties, and thought it would be a good idea to get some sort of application through to a preapproval stage before I made any offers etc.
There was never any mention about a contract with the broker as such, the only thing I remember is an authority section on the application to the actual lender.
Cheers,
Andrew.Hi Steve (& others!)
I’ve recently read 0to130 and I am getting through 1m in 1yr. I am currently thinking investing in the masterclass, but I have to say that I am still a beginner. Is the masterclass something I should look at going to at this stage of my investing career or are the classes generally pitched at a higher level ?
Thanks
Andrew.
