All Topics / Legal & Accounting / NZ Taxes, Stamp Duty, etc.

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  • Profile photo of Steve HamiltonSteve Hamilton
    Member
    @steve-hamilton
    Join Date: 2003
    Post Count: 8
    February 27, 2004 - 1:11 pm

    Hi,

    can anyone shed any light on basic taxes, stamp duty, etc. that applies to NZ investing in residential properties. We are in Oz and are trying to work out $ implications of buying in NZ and transferring $ to Oz.

    Any help would be appreciated.
    Steve[?]

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714
    February 27, 2004 - 8:51 pm

    Steve,
    I am looking at the same appraoch as you. From what I have been able to find out, there is no stamp duty on property purchase. There is no CGT either, however, haven’t confirmed but I would think it would be captured by Australian tax laws as foreign income.

    James

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    March 1, 2004 - 5:20 am

    As James mentioned there is no stamp duty or CGT in NZ,
    I would check with an accountant on the CGT issue,
    Regards
    steven
    Mortgage Broker

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph:1800 820 500
    Victoria

    PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

    Profile photo of pravin2001fjpravin2001fj
    Member
    @pravin2001fj
    Join Date: 2004
    Post Count: 4
    March 7, 2004 - 8:40 am

    Hi there
    Iam an Accountant and have worked in NZ . It is true that there isn’t any CGT In NZ.

Viewing 4 posts - 1 through 4 (of 4 total)

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