Perhaps as a suggestion you can roughly work through the numbers as they would be if you were say 5 deals further along. Do the sums for your first reno, work out your profit after doing the reno based on selling into a stagnant market, and then work out the cost to sell and the tax you will pay, remembering that you will pay off the mortgage…[Read more]

Hi Pav,
have you tried contacting the NZ Inland Revenue Department? You could start by phoning the non-resident centre at 64 3 467 7020.
[smiling]

In reply to gabsman

I purchased and studied “Wealth Guardian” from propertyinvesting.com and “Trust Magic” by Dale Gatherum-Goss

Then I asked one of the authors some questions.

[upsidedown]

For general entertainment value, I can add this – I have asked enough experts to have been professionally advised to have just about all basic structure types! Own name, trusts, company, ….depends on who you’re talking to. (yes, I did pay for each professional’s advice *!?*#)

The latest advice (free of charge this time) is the one I’ve…[Read more]

Kiwi-Fulla Are you a NZ resident? Sounds like it because you said “all income stays here” or words to that effect.
If you are NZ resident then it is easy for you to have a NZ company and/or trust. A company or trust in NZ needs to have a NZ resident involved, so for Aussies, that is more difficult. I am an ex kiwi and when discussing the same…[Read more]