Can anyone with an ip overseas please pm me as i have some questions to ask.
Thanks
censor me and bar your kids from the lessons I learned – makaveli
I`ll make him an offer he can`t refuse – Vito CorleoneWhy not post your questions, so we all can share.
ok good idea,
I was just wondering what the step by step processes you took for getting the property were. I have one i like and wanted people with personal experience to tell their story. My main questions are where it is, how you financed it, do you converti t to $aus etc. how yuo get paid rent etc. What are the main problems you have found with it?Thanks in advance
censor me and bar your kids from the lessons I learned – makaveli
I`ll make him an offer he can`t refuse – Vito CorleoneHi zac_moose,
we got some properties in some other countries… (no not NZ, but else were on another country) mainly same rules of how we borrow the money in australia and the legal side, everything is almost the same, just that because we have them as holidays homes and not as IP, no need for an accountant.
A main concern for some people can be, investing in other countries, well depend on a higher ratio ownership depending on the country, which could limit your ownership and control over the such property. But very much the same rules, though if it is an IP and generates income, you will still have to declare it on your australian taxable income.
Cheers,
sis
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