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  • Profile photo of nicp3nicp3
    Member
    @nicp3
    Join Date: 2010
    Post Count: 2
    July 6, 2010 - 10:12 am

    Thanks Terryw

    I will call an Australian lawyer tomorrow.
    NZ properties are selling 30-40K less than GVs and falling. Maybe it's time to cut our losses and be rid of the stress of paying a property manager to look after [poorly] our rental poorly. 
    We are looking at the option of selling our NZ assets to pay off our mortgage here quickly.

    Profile photo of nicp3nicp3
    Member
    @nicp3
    Join Date: 2010
    Post Count: 2
    July 6, 2010 - 4:38 am

    Hi,
    Please help. I moved my family to Australia 2 years ago. We have a Trust in NZ and would like to transfer our Australian property into the NZ Trust. Can we do this?
    I would assume in doing so the Trust would have to pay stamp duty [and tax if we rent it] to the ATO.
    I am an Australian resident and my husband is an Australian citizen. We plan on returning to NZ in 5 years. We formed the Trust, prior to moving here, to protect our assets in NZ and didn't see any point in dissolving the Trust due to our plans on returning to NZ.

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