All Topics / Overseas Deals / NZ Profit from Sale of IP

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  • Profile photo of Mama2MiaMama2Mia
    Join Date: 2003
    Post Count: 115

    Hi Forumers,

    I know this has probably been discussed a billion times on the forum but i can't find any threads that answer the question for the life of me!

    Anyway, we've just sold our NZ IP and have made a small profit……just wondering if i'm right in assuming that in order to bring the money back into Australia i'd be taxed on that amount?

    But i do have the alternative of 'lending' the profit to my Australian P/L to invest with?

    Is there any other way to bring it into Australia (legally of course :-))??

    And what about the 20% i originally put down, there's nothing special that i need to do about that 20% in that it can be transferred directly into my bank account and not taxed given its not income??

    Any thoughts would be appreciated.


    Profile photo of how2how2
    Join Date: 2007
    Post Count: 5

    How long did you hold the property, was it in a trading trust , because you may be taxed at the Kiwi end

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