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Type: Posts; User: Matt Gilligan

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  1. Replies
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    I agree with this. But there are a lot of lawyers...

    I agree with this. But there are a lot of lawyers out there that say they are trust experts but they are in fact suburban property solicitors who set up trusts, a very different skill set to an...
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    6,193

    You like my burbling bluekiwi

    You like my burbling bluekiwi
  3. Replies
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    6,193

    You can get my book here guys (click on link in...

    You can get my book here guys (click on link in my signature). Thanks for your interest, it is a great book that I took months to assemble, written in simple English for the lay person to read and...
  4. Replies
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    6,193

    There is nothing 'on the edge' in Tax Structures...

    There is nothing 'on the edge' in Tax Structures 101. It is an examination of common New Zealand property and business ownership structures, finance structures, cross boarder tax discussions, - a...
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    3,191

    Good answer Brend, I agree. In addition I...

    Good answer Brend, I agree.

    In addition I would add that entity type comes into play here and affects whether she can claim the loss or tax credit in Australia. If she owns the asset in a company...
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    Good answer Ross. I would add that FBT only...

    Good answer Ross. I would add that FBT only applies to entities that you are an employee of. The more pressing worry with companies is the possibility of a deemed dividend, meaning that ownership in...
  7. Awesome. Enjoy

    Awesome. Enjoy
  8. The two companies in the opinion expressed above...

    The two companies in the opinion expressed above are associated. The property in the buy to hold entity will be taxable if sold within 10 years, even if the intention is long term investment. After...
  9. Replies
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    1,322

    GenY You are not really talking about estate...

    GenY

    You are not really talking about estate planning there, you are talking about the structuring of debt for asset protection and the tax implications of restructuring it. IRD have issued some...
  10. Looking at your stated facts, I would ask whether...

    Looking at your stated facts, I would ask whether Company B is in fact a corporate Trustee for the Trust and rather than a subsidiary entity as you state ? That would make more sense. That would mean...
  11. Reply Bluekiwi

    Hi Bluekiwi,

    It is pretty obvious that teh USA is a good market when you spend time there. A strong Kiwi exchange makes for FX gains, a devalued housing market driven by a banking crisis has led...
  12. Associated person rules are of course complex ...take advice

    The associated person rules are of course complex and we always recommend you get specific advice. That said, some general points which are relevant here are as follows:



    Association can...
  13. I'm buying property in the USA with net yields...

    I'm buying property in the USA with net yields after all costs of 16 to 25%.very healthy spread on interest rates there.
  14. Replies
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    21,593

    How long is a piece of string ? It depends on...

    How long is a piece of string ? It depends on what string. Auckland is a large place and quality, demand and buildings vary massively. Even in the CBD you have leaky apartment buildings and good...
  15. Replies
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    Agree entiely.

    Agree entiely.
  16. LTCs under Trusts have hooks. But properly...

    LTCs under Trusts have hooks. But properly managed and thought through can be quite a clever structure. I would think right up some of your client base's alley. A Company under a Trust elected LTC is...
  17. I’m not quite sure what your question is Mark, if...

    I’m not quite sure what your question is Mark, if you could state the question in one or two sentences; I’d be happy to provide our firm's view.

    As general comment we discouraged transition to LTC...
  18. I think your being a bit hysterical here. The...

    I think your being a bit hysterical here. The situation is very rare, but also foreseeable to advisors. Pretty obvious to any accountant working in property. Question the advisor for not giving...
  19. Replies
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    21,593

    Nikki Connors is the promoter I believe. She is...

    Nikki Connors is the promoter I believe. She is a discharged bankrupt. When I dealt with her she was only interested in slamming deals, not interested in the client. I stear clients away from her...
  20. Replies
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    How are you going to get your income into the...

    How are you going to get your income into the Trust to offset losses from your LTC attributed to the Trust? Dividends are imputed, meaning taxed at source in the company. The tax credit converts back...
  21. What a crock. Has someone been smoking something...

    What a crock. Has someone been smoking something they shouldn't...
  22. Not the nicest situation where a spouse wants to...

    Not the nicest situation where a spouse wants to share his life but none of his assets.

    IMHO while premarital assets can be separated, your partner should be looking to build a nest egg with you...
  23. Replies
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    Poll: Cube surely you have to be regional in your...

    Cube surely you have to be regional in your analysis? Land supply, migration trends, job markets, etc. I would agree Auckland will get 7%, but the rest of the country ranges from well done to...
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    Poll: Your accountant sounds in touch with NZ property...

    Your accountant sounds in touch with NZ property fundamentals. My money is on Auckland and Wellington for capital growth in the next decade, in that order.
  25. Replies
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    Don't bother in Auckland

    I know the feeling BK. Auckland City's attitude to developers and the way they charge and (un)support them is ridiculous. CromwelI and Alexandra are just as bad. They don't answer their phones and at...
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