Does anyone know anything about NZ Tax Laws with regards to property? I know that they don’t pay stamp duty, death duty, financial transfer tax, land tax and capital gains. But I’ve heard something about a Loss Attributing Qualifying Company that allows you to hold property in a limited liability company and transfer any losses back to shareholders.
Anyone, anywhere, help!!!!
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Hi,
I know that they don’t pay stamp duty, death duty, financial transfer tax, land tax and capital gains.Even though this is true for Kiwis this is not true for Australians investing in NZ. You must declare ALL capital gains in your tax return no matter where in the world you made the gain.
Concerning the Loss Attributing Company I have no idea…
Pin
Hi Kelly,
Just make sure you research “structures” over there. Their tax laws are very different to ours, as you know. As an off shore investor, there are good and bad ways to set yourself up.
Good luck,[
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