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Type: Posts; User: Juicy Guava

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  1. Replies
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    I haven't opted for LTC yet, so are you saying...

    I haven't opted for LTC yet, so are you saying that if I default to QC then I won't pay depreciation recovered when gifting shares in the company to a trust?

    Having said that, i'm keen to hear...
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    $22,000 so far.

    $22,000 so far.
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    Look Through Companies LTC's and LAQC's

    I am wondering about the experiences of other people who were in an LAQC and who have transitioned to a LTC. How has the transition gone, has there been an impact on your tax return(refund) and if...
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    IRD also doesn't seem as helpful as they should...

    IRD also doesn't seem as helpful as they should be... from my dealings with them, they have filled the call centre with cheap under-qualified staff who are paid to tell you to go to an accountant!
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    This entire situation is completely nuts. ...

    This entire situation is completely nuts. Clearly Watercare need to change their system so that they bill tenants directly for water usage and landlords directly for the fixed charges. Tenants are...
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    Awesome thanks so much for that great advice...

    Awesome thanks so much for that great advice :cool:
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    Clearly i'm not an accountant, but I was thinking...

    Clearly i'm not an accountant, but I was thinking the following...
    1. That we could gift the shares to the trust and then presumably the balance sheet of the company would remain the same i.e. money...
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    Thanks so much everyone for your replies, yes...

    Thanks so much everyone for your replies, yes Jedi did nail it, it's clearer to me now. I always knew trusts could own shares, but I didn't understand what the deal was given that a trust cannot be...
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    Transfer of Shares to a Trust

    I am a director and shareholder of a QC (formerly LAQC) with my husband and i'm planning a set up a family trust (DIY if possible)... Rather than dismantle the company (and presumably trigger...
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