Hi everyone!
I am just about to start investing in property and I would like to set up the correct structure for my future properties before i start purchasing. Im finding it very hard to find the right advise for my situation I have gone to lawyers and they are telling me to go to an accountant and I have been to Accountants and they have told me to go to a Lawyer.
My situation is I work overseas and am currently a non tax resident of NZ as iv been working overseas for the past 6 years. My plan is to purchase property while overseas and use it to create financial freedom so I may come back to NZ and take on a stress free job and not worry about money or how much I get paid as my current job is very stressful and long hours. So I will eventually become a tax resident again and I need to take this into account in my structure even though i know i will be paying tax on any profit I make on any investment in NZ.
So im stuck with the advise of some saying I should set up a trust and some a company?
I will need to be able to access my equity in the properties so I may use it as a deposit for future purchases. I will also need the protection for the possibility of being sued for any reason over here in Europe as it is much more common then NZ and also break ups in relationships etc.
So if anyone has any advise on what my best option would be it would be greatly appreciated
Thanks in advance!
I am just about to start investing in property and I would like to set up the correct structure for my future properties before i start purchasing. Im finding it very hard to find the right advise for my situation I have gone to lawyers and they are telling me to go to an accountant and I have been to Accountants and they have told me to go to a Lawyer.
My situation is I work overseas and am currently a non tax resident of NZ as iv been working overseas for the past 6 years. My plan is to purchase property while overseas and use it to create financial freedom so I may come back to NZ and take on a stress free job and not worry about money or how much I get paid as my current job is very stressful and long hours. So I will eventually become a tax resident again and I need to take this into account in my structure even though i know i will be paying tax on any profit I make on any investment in NZ.
So im stuck with the advise of some saying I should set up a trust and some a company?
I will need to be able to access my equity in the properties so I may use it as a deposit for future purchases. I will also need the protection for the possibility of being sued for any reason over here in Europe as it is much more common then NZ and also break ups in relationships etc.
So if anyone has any advise on what my best option would be it would be greatly appreciated
Thanks in advance!
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