PropertyInvesting.com | scorpio | Activity https://www.propertyinvesting.com/members/scorpio/activity/ Activity feed for scorpio. Mon, 13 Apr 2026 12:43:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 281f4ca67043521aff4b972945cde0fb scorpio replied to the topic Opening a U.S. bank account in the forum Overseas Deals https://www.propertyinvesting.com/topic/4386742-opening-a-u-s-bank-account/#post-4554363 Mon, 25 Dec 2006 11:30:17 +0000 Lets remember what online banking will let you do. As far as HSBC goes – it only allows you to view and transfer funds around your HSBC accounts. There wasnt any ‘pay bills’ or ‘pay anybody’ facility we enjoy here in Aus/NZ. If you need to transfer funds say to a property manager or other 3rd party, HSBC require a signed authority – faxed/emailed…[Read more]

]]> cf344f21019c1791031c24ee61c5b5df scorpio replied to the topic Depreciation Recovered - NZ property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4381114-depreciation-recovered-nz-property/#post-4522451 Mon, 11 Jul 2005 13:39:36 +0000 Thankyou for your response Sinead.
Until today – I hadn’t realised that in NZ DR is always applied to capital gains upon sale, where one has been claiming the depreciation. From the reading I have done on other NZ based forums – I dont see it as a negative. As an investor who also holds Oz based properties I am not aware of it applying to…[Read more]

]]> 2e21e1039cc494ff746339552ad96cae scorpio replied to the topic My Wife in the forum Help Needed! https://www.propertyinvesting.com/topic/4381054-my-wife/#post-4522067 Mon, 11 Jul 2005 00:28:08 +0000 Also – people change over time. It may be a case of shoe on the other foot somewhere down the track when deals dont excite you as much as they might her.

]]> 843741205607d17c9d0bede3a37c5fd8 scorpio replied to the topic My Wife in the forum Help Needed! https://www.propertyinvesting.com/topic/4381054-my-wife/#post-4522066 Mon, 11 Jul 2005 00:26:48 +0000 Also – people change over time. It may be a case of shoe on the other foot somewhere down the track when deals dont excite you as much as they might her.

]]> a8c3ff5c2390f90ede759e9346c9e301 scorpio replied to the topic Depreciation Recovered - NZ property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4381114-depreciation-recovered-nz-property/#post-4522449 Sun, 10 Jul 2005 23:54:18 +0000 Thankyou for your replies. I guess I should have outlined that I have recently sold some property and realised capital gain. The fact I have only had it for 2 years may trigger a depreciation recovered event. It was intended for a long term hold, however it made sense to take the profit and pay down other property investment debt.

I am concerned…[Read more]

]]> e775b1a0494d9c74a30283e1cf0a9a0f scorpio replied to the topic Australian Residents Owning NZ Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4380622-australian-residents-owning-nz-property/#post-4518977 Sun, 10 Jul 2005 09:26:50 +0000 It may be that a particular interested party is attempting to see whether you may be interested to sell. Perhaps the neighbour…or the neighbour’s new owner?

]]> 347d18ed2a2aa127224fa73f30179ff6 scorpio replied to the topic (Adv) New NZ Private Sale Website in the forum No Subject https://www.propertyinvesting.com/topic/4379080-adv-new-nz-private-sale-website/#post-4508756 Wed, 09 Mar 2005 18:26:07 +0000 Great service Dean.
I’ve bookmarked it, and will use it in the near future.
Scorpio.

]]> 345ee4bf5aaf6b5a0f9d55703221160e scorpio replied to the topic Double taxation risk? Purchasing Via an NZ Company in the forum Overseas Deals https://www.propertyinvesting.com/topic/4378821-double-taxation-risk-purchasing-via-an-nz-company/#post-4507118 Wed, 23 Feb 2005 15:41:28 +0000 Good question –

I understand that if the property was held in personal names in NZ – then tax credits apply, so I would see no reason why it wouldnt apply for an LAQC entity.

Would like to know for sure when you find out.

Scorpio.

]]> 06dfa8d13eaf6f9e9c2b9806745bf787 scorpio replied to the topic Purchase in own name? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378835-purchase-in-own-name/#post-4507189 Wed, 23 Feb 2005 15:23:23 +0000 The short answer is it depends on a couple of things. Is the property positive/negatively geared?, and what would you be looking to achieve by using a trust? – asset protection?

If you but a property in your own name – you can offset any losses against tax you pay from your regular income sources – usually a job. If it was in a trust – the trust…[Read more]

]]> 3e0887175bf534bcdea83854833f6855 scorpio replied to the topic Buying in Taranaki/New Plymouth in the forum Overseas Deals https://www.propertyinvesting.com/topic/4378779-buying-in-taranakinew-plymouth/#post-4506889 Sun, 20 Feb 2005 13:06:35 +0000 Hi Robot.
Looks like you have got some good tips.At the end of the day, if you know that long term the Taranaki region is an odds on bet, and you pick up something that isnt going to cost you cashflow – then I say one IP is better than none.

Dont fall into the trap of having to get the best deal at the expense of not acting on getting a good one. ;)

]]> 0e619ba96ea614327f63cba550951336 scorpio replied to the topic Unit investments in NZ in the forum Overseas Deals https://www.propertyinvesting.com/topic/4378809-unit-investments-in-nz/#post-4507071 Sun, 20 Feb 2005 10:10:37 +0000 The short answer in my experience is no. I have bought blocks of units – some self titled , others all on one title. Stamp Duty has never been an issue on NZ residential loans, where funds are raised in NZ.

Most banks or lenders will regard them as a residential investment loan depending on whether the units are self titled. Some banks may regard…[Read more]

]]> 8f5d012aed083f76f8e54d459d6c93ce scorpio replied to the topic Finnding right financier and solicitor in NZ in the forum Overseas Deals https://www.propertyinvesting.com/topic/4378412-finnding-right-financier-and-solicitor-in-nz/#post-4504615 Sat, 12 Feb 2005 12:51:45 +0000 Hi Kurra,
By the time you read this you will probably be in NZ. I hold a number of properties in NZ, predominantly in CHCH, and as such can refer you to a CHCH based broker, solicitor and accountant who understands what we in the wider investment community want to achieve. Feel free to PM me if still required.
Cheers.

]]> 8b04168692c97daf839dcd6f084b46fc scorpio replied to the topic Margaret Lomas posative cashflow in the forum No Subject https://www.propertyinvesting.com/topic/4377145-margaret-lomas-posative-cashflow/#post-4496415 Mon, 29 Nov 2004 09:13:24 +0000 Hi Domo.
Ive purchased and read all her books. They are an excellent source of material for new and experienced investors alike, and compliment much of what you will learn from Steve.

Like Steve – she gives many examples of how to crunch numbers, and has some very good tools on her website.
Cheers

]]> 5f5d18889c7015f2a9fa7e6c85a52e02 scorpio replied to the topic NZ prop depreciation claim in the forum Help Needed! https://www.propertyinvesting.com/topic/4376504-nz-prop-depreciation-claim/#post-4493079 Fri, 15 Oct 2004 03:04:18 +0000 I would be very interested in the replies to this question. With the positive cashflows from NZ related income, often – without the ability to depreciate – we can find ourselves in a tax paying situation in Australia.

I believe it is quite legit claim.

Could someone knowledgeable also comment on whether an Austalian tax agent can calculate the…[Read more]

]]> a86eb3a6d9505a6e30227d24a9d14cb9 scorpio replied to the topic Sold my neg geared property - need advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4370873-sold-my-neg-geared-property-need-advice/#post-4451707 Sat, 31 Jan 2004 15:53:56 +0000 I dont see you losing either way you decide.
I would think tho that the ATO will still have an interest in hit you with CGT given your assumed tax deductions granted in previous returns.
Im sure it can only be levied if you declare the sale – but if you dont return after 7 years – who knows?
Logic would dictate that you refinance your investments…[Read more]

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