Header Ad Module

Collapse

Announcement

Collapse
No announcement yet.

LAQC for own home?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • LAQC for own home?

    I am looking to buy my first investment property. I have seen some discussion of putting your own home under a LAQC and renting to yourself , with obvious tax advantages. Is this legal and how does IRD view this?


    Cheers

    Dave

  • #2
    Search the Finance legal and tax forum as this has been covered a couple of times.

    In summary, in about 1% of situations it can work based on specific fact situtions. that doesn't mean the IRD will like it and if they challenge you, you will need a very good accountant (and Lawyer) who beleives in your tax position as much as you do.

    On the other side of the coin, what is the risk the IRD will catch you???

    If you want to continue this, best if you repost on one of the existing threads as most of the big posters and accountants have already put their view across.

    Comment

    Working...
    X