Hi,
can anyone shed any light on basic taxes, stamp duty, etc. that applies to NZ investing in residential properties. We are in Oz and are trying to work out $ implications of buying in NZ and transferring $ to Oz.
Any help would be appreciated.
Steve[?]Steve,
I am looking at the same appraoch as you. From what I have been able to find out, there is no stamp duty on property purchase. There is no CGT either, however, haven’t confirmed but I would think it would be captured by Australian tax laws as foreign income.James
As James mentioned there is no stamp duty or CGT in NZ,
I would check with an accountant on the CGT issue,
Regards
steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VictoriaPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi there
Iam an Accountant and have worked in NZ . It is true that there isn’t any CGT In NZ.
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