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  • Profile photo of mariner31mariner31
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    @mariner31
    Join Date: 2003
    Post Count: 5

    Hi Shar, I was speaking with an ex-pat from NZ and he laughed at the way I failed to pronounce "Mangare". Its not as looks! :) Im sure Ill stand out like a sore thumb with this Ozzy "ickcent" of mine. I will keep an eye on your new thread or I will add to it as I will keep looking.

    Profile photo of mariner31mariner31
    Member
    @mariner31
    Join Date: 2003
    Post Count: 5

    All this talk about NZ has made me get a transfer starting 1st May. Ive got 4 weeks in Auckland paid accomodation before I "slum it" a bit and take my time and educate myself before jumping into the PCF game. KPI magazine is a great start and they delivery to OZ! Its taken me almost 2 years since the first seminar in Melbourne, but here goes nuthin! Im lucky in that my new job allows me to travel the length and breadth of the North Island. Im curious on all this talk on the IRD cracking down on people who live in their own IP and claim depreciation, ect. I wonder what they think if you live in 1 room and rent the other 2 or 3, would it then be classed as a legitimate IP? Food for thought. For those Im leaving behind in Sydney who want to invest in NZ, would anyone have a Sydney Accountant with the knowledge of trans-tasman investing and tax implications. Please let me know. Many thanks.

    Profile photo of mariner31mariner31
    Member
    @mariner31
    Join Date: 2003
    Post Count: 5

    Where I work, we dont list with Baycorp unless we have your full name, DOB & Drivers License number.

    Can you remember if you provided those details?

    Regards,

    Peter.

    Profile photo of mariner31mariner31
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    @mariner31
    Join Date: 2003
    Post Count: 5

    For the Australian Investor, the figures sound good at 177,145.25 AUD.

    Another good thing about NZ is that there is no CGT or Stamp Duty I beleive. And a depreciation rate almost double that of OZ.

    Regards,

    Peter.

    Profile photo of mariner31mariner31
    Member
    @mariner31
    Join Date: 2003
    Post Count: 5

    The ATO deems renting your own PPOR from your Trust as an “Aggressive Tax Minimisation Scheme”
    Something they are considering closing the door on. Perhaps John can post more details on the article he showed me?

    Regards,

    Peter.

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