whatsmy_age_again

whatsmy_age_again started the topic Investing in Australia from New Zealand structuring in the forum Overseas Deals 8 years, 5 months ago

Hi all,

I was hoping there may be some people who have invested in Australian real estate but live in NZ.

My situation is we would like to buy an investment property in Queensland. We are going to have a buy, hold, wait for growth, and leverage strategy. We would only sell a property if it was underperforming.

Because we have professions…[Read more]

whatsmy_age_again replied to the topic Discretionary Trust – depriciation as a deduction in the forum Legal & Accounting 8 years, 6 months ago

One other thing, if you don’t mind:

So when the trust does make a profit, let’s say of $2000, is $2000 of the accumulated losses used to make that profit non-taxable, so to speak? You can distribute that entire $2000 to beneficiaries without being taxed?

whatsmy_age_again replied to the topic Discretionary Trust – depriciation as a deduction in the forum Legal & Accounting 8 years, 6 months ago

Good stuff. Thanks mate.

whatsmy_age_again started the topic Leveraging Australian equity to buy in NZ. in the forum Overseas Deals 8 years, 6 months ago

Hi everyone,

Has anyone recently been successful in using their equity in an Australian property/portfolio to put down as a deposit on a New Zealand property?

If so, how did you go about it? What lenders are willing? Were there any special requirements? Anything else you’d like to add?

Cheers!

whatsmy_age_again started the topic Discretionary Trust – depriciation as a deduction in the forum Legal & Accounting 8 years, 6 months ago

Hi everyone,

My partner and I have explored having an IP in a Discretionary Trust with a Corporate Trustee.
The property is likely to run at a cash loss for now, with the losses carrying forward to offset any future income within the trust. Let’s run an example:

Income = $20000
Expense = $22000.
So there is a $2000 loss.

If we also put…[Read more]