All Topics / General Property / Overseas Property Investing

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  • Profile photo of Michael RMichael R
    Member
    @michael-r
    Join Date: 2003
    Post Count: 302

    For further information re: foreign tax credits, the following links should lead you in the right direction.

    http://www.taxpolicy.ird.govt.nz/international/DTA/roleofdta.html

    http://www.ato.gov.au/corporate/content.asp?doc=/content/33873.htm

    [Glen] Most institutional lenders [no matter what country] stipulate that the borrower must be a “permanent resident” or citizen.

    Because of this requisite, investors/buyers typically leverage banks/lenders in their country of origin, using local real estate or other assets as security. The funds are then invested offshore.

    — Michael

    Profile photo of KiwiZenaKiwiZena
    Member
    @kiwizena
    Join Date: 2004
    Post Count: 10

    Okay, heres a curly one. As I’m now an Australian resident, (but still a kiwi citizen) and obviously paying tax in both countries (that really does sound like a bit of a rip off!) how will it work if – my NZ properties are owned by a Loss Attributing Qualifying Company, (do these companies peform the same way here in Aust?) which in turn is owned by my family trust – all set up to minimise tax payouts against my personal income. If I use this tax vehicle in NZ, can I use a similar one here? And, <deep breath!> if I have minimised, or through the LAQC, turned the properties into a loss, can I claim that against my income here? I’ll sit down and work it out, but this method may help those investing in NZ from here.

    For something a little different, why not check out http://theinvestingcrew.com

    Profile photo of E.Baker78E.Baker78
    Participant
    @e-baker78
    Join Date: 2022
    Post Count: 0

    I know this is an old topic but could not find anything similar here so why not bring it back for people who are interested in this nowadays?

    Let’s share our experiences in this thread. I am on my journey to be an expat in Greece and have done some researching in the last month. My goal is to get Greek citizenship by investment https://tranio.com/greece/passport/ The information online is basically the same in every website or forum, something like I stated here. I would love to hear some insight from people with experience!

    • This reply was modified 5 months, 2 weeks ago by Profile photo of E.Baker78 E.Baker78.
    Monica Bing
    Participant
    @monica-bing
    Join Date: 2021
    Post Count: 0

    When renovating your own home in Australia, don’t include labor costs because these are not calculated. However, all materials used can be included in the estimated cost of construction. All of your selling costs and renovations are covered after you purchase your home and you still have $250,000 in capital gains available to you.  Some elections are binding, while others only apply in particular years. You should get expert advice before making these decisions. A non-spouse resident, filing with a taxpayer identification number on their return if they did not previously have one, may have unintended consequences.

     

    This is an area where we must handle properly. Keep in touch so we can help. We can look at your superannuation balance and various contributions throughout the year you’ve worked. It is not clear from the IRS how much money you should invest in your superannuation account, so adding a large amount could have negative consequences. We can put on a certain amount without triggering any U.S. implications if you want to. By checking your account, we will be able to determine what your limit is without harming yourself.

Viewing 4 posts - 21 through 24 (of 24 total)

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