I’m not entirely sure whether duty is paid in New Zealand. I’m not sure what implications there would be in transferring the property. This is something I’ll have to have a chat to my accountant about. If any NZ forum members have any comments, that’d be helpful.

Thanks for your help Tony.

If anyone else has any thoughts or suggestions about our…[Read more]

My fiancee's parents will only be paying for the property until we get married. Once we get married, we'll be transferring the property from THEIR family trust into OUR company. We will then be paying any negative cashflow, but will also benefit from any eventual positive cashflow and capital gains.If we lived in the apartment, we'd be up for…[Read more]

Thanks for the message Tony.The property is currently being looked after by my fiancee's family trust. Her parents used a property manager who they use on another apartment of theirs. This property manager has been terrible and listed the property at $300/wk. I was really unhappy with this, but as it is currently looked after by my fiancee's…[Read more]