surfermark replied to the topic NZ Trusts in the forum Overseas Deals 19 years, 9 months ago
Shar,
I feel shouldn’t really post too much (to avoid showing my ignorance) as I’m still learning but the reason I am looking at a company structure is firstly they could be more flexible in transfering ownership without triggering depreciation recovery ie you can just sell shares rather than the property. Secondly I am trying to figure out if I…[Read more]surfermark replied to the topic NZ Trusts in the forum Overseas Deals 19 years, 9 months ago
Shar,
Don’t worry I started the other thread and am still totally confused and in the same situation as you, waiting to buy property in NZ but wanting to get the right structure first.Your concern over a sham trust (a massive topic in itself) could be answered in a book I just read called “Success with Trusts” by Ross Holmes – a NZ book. I dont…[Read more]
surfermark replied to the topic NZPI tax/accounting structure advice – EXPERIENCED in the forum Overseas Deals 19 years, 9 months ago
Guys,
great to finally see some replies that snowballed. I stopped checking for a while as I didnt see anything.The lively debate still seems to me that its not as clear cut as I hoped but as I am orginally a kiwi, have family and potential beneficiaries there and could possibly move back one day, then a trust could well be the way for me to…[Read more]