Buying property in NZ

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

ziggy9372
Member
@ziggy9372
Join Date: 2003
Post Count: 3
March 10, 2004 - 9:15 am
I am buying property in NZ.
I need to know the following.
We have set up a hybrid discretionary trust in Australia.
Have taken equity out of our ppr’s and will take finance outin NZ.
Do we taken the loan out in the trusts name,or do we take the loan out in our own names?
Ziggy
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
March 10, 2004 - 11:04 am
Ziggy, from everything I have read/heard, you would be wise to actually set up a trust in NZ and put the properties in that entities name.
Need to have good accountant both here and there, and they need to talk to each other as NZ investing brings up all sorts of tax rules in relation to bringing money back etc.
Cheers
Mel
geo
Member
@geo
Join Date: 2003
Post Count: 1,194
March 10, 2004 - 11:09 am
Hi Ziggy,
look up ‘Members’ on the left – then look up ‘Westan’ – send him a message – he is a member of Property Investing but deals with a lot of property in NZ and he use to be here in Australia. He will know about all your requests.
Kind Regards,
George.
Ricksters12
Member
@ricksters12
Join Date: 2004
Post Count: 17
March 10, 2004 - 11:59 am
Hi Ziggy,
I agree with George 110% about contacting Westan. He is very helpful and will help you to get all the contacts you need in NZ.
Im at the moment receiving listed properties in NZ fm Westan and his been great so far providing me with all the details I need.
Good Luck!!!
Ricksters12