I am serious about investing in NZ and would like to set up structure in place before making offers. My aim is to look for properties (below 50K) that yields +ve casflow after all expenses (preferably yielding >5% CoCR). Which structure would be the best (LAQC or trust) and can somebody recommend a reliable accountant over there that can set up correct structure for me?
thanks
johnWant to join financial independence before 31 years old, currently 25
John,
If you’re considering using any sort of foreign entity, I’d recommend seeking advice from an Australian lawyer or accountant who has experience with foreign investment, as there are special tax rules regarding controlled foreign companies and trusts.
Cheers,
GPHi I’m doing the same found an accountant in Auckland from the richmastery.co.nz site. My brother in nz has a trust that he buys with but the company owns the trust it is a LAQC. He is a kiwi though are you?
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