Thanks for that Christopher, very helpful, I received more info from you via my email as well, so again thanks.
We are in the process of a development that we are looking at selling in 3-6mths time so wanted to know how to structure ourselves for this effectively. I expect that we need to set up the structure prior to selling?

thanks

[biggrin]

Hi all

I am aware that as an australian resident that I am still liable to pay CGT should I sell a property in Nz. Is the structure that you are talking about able to minimise the CGT liability?

Thanks

Hi there

What a horrible experience for your friend. I empathise.

I am having a similar experience, hope that my experience may help.
I am in the process of purchasing some land which has some bad history attached to it, and thus locals view this land as being ‘cursed’ and a local real estate agent advised me not to buy it as no one would want…[Read more]

Hey there

Kool opportunity aye!!
I was just in a similar situation, only the deal was in NZ
I wasnt ready to have the home shifted so rang around removalists and tried to do a deal with them, Ie I offered to ‘give’ them the property if they would do a good deal with me down the track when I was ready for a house. Another idea might be to see…[Read more]

Hi there
We were informed (by our solicitor) when we purchased in NZ that we would be liable for CGT if we sold our property, since we were residents in Australia….no other info/strategy to offer sorry as we are planning to hold long term.

All the best….

Hey there
YOu mentioned that you may live in one of the properties…..is FHOG an option for you then? You can purchase and then you have 12mths to move in. Its quite permissible to rent it out until you move in.
Just a thought
Good luck

Hey there
YOu might want to PM Don and Liz. They seem to have a good handle on whats going on in Invercargill

All the best

thanks for that maui
very helpful, were you at the get together in Melbourne?

Are you happy to elaborate further on your successes regarding relocatable homes?

Know any Akuhatas in Gisborne?

Hey all

In defense of Tokoroa, I have been told by a local that many people live in Tokoroa and commute to nearby cities for work. She said that there have been many to arrive from Auckland who think that Tokoroa is a breath of fresh air after living in the big smoke, and because they are used to travelling up to 1 hr to their workplaces in…[Read more]

Thanks for your thoughts guys appreciate the feed back

Mai

Thanks for your thoughts guys appreciate the feed back

Mai

Hey there

Must say that I figure that whatever situation we find ourselves in, its a good question to ask ‘How did I contribute to this situation’ and work on what YOU can do to change things.
A major part of life seems to be negotiation. What do you have to offer for a win win solution?

Good luck!!

Hey all
I am having to get creative too to find the positively geared properties, however it is good practice crunching the numbers, and certainly makes you think outside the box, when trying to create a winner deal.

All the best
Mai

Hey there

We recently purchased in Nz, and we went through a broker based in Hamilton. We were advised to do this by our solicitor in NZ as he said that in his experience the australian brokers he had dealt with had taken a long time to get the deal through. Also this particular broker could get us 85% LVR opposed to 3-4 other brokers/lenders…[Read more]

Hey there

I am pretty sure that to be entitled to keeping the FHOG, the property needs to be your MAIN place of residence. Ie appearances are not enough, at least one of the owners needs to be living there the majority of the time over a six mth period.

Good luck