educate me on family trusts thank you (relationship asset protection & tax)

[jamesking]

Hi sorry to bother you guys again but I can't understand what my lawyer is trying to say.

Say I have a family house and an investment property. Should I put it in a trust? The questions I have are as follows

- asset protection. people say putting it in a trust with kids as...

[JBNZ]

Hi there, I'm splitting a 6 bedroom into a 4 bed and 3 bed (adding another room in one of them). Does anyone know who to contact and what it takes to split water and electricity so both units have seperate bills? Is there an easy way of doing this? what's the process? Any advice greatly apprec...

[donna]

From the 2024 predictions discussion - the talk moved to KiwiSaver, so I thought I'd start a new discussion and get some feedback from our knowledgeable PTers.

This is theoretical - say I have $1m - and expect to live independently for 20 years once I retire. How much can I draw down each...

[dabel]

My boyfriend has just left his job for personal reasons - he was an engineer working in the building industry. We're ideally placed to do property development - I've done a couple already as a kind of hobby and he's got lots of skills like plastering, plumbing, knowing building regs inside out, joinery....

[Crookie]

Afternoon all, if you pay off a loan on a rental property (with savings / proceeds from the sale of PPOR) can you later re-borrow money against said rental property and it still be deductable?
FYI, the rental is fully deductable at the moment due to it being less than 2 years old.

...

[frances56]

Hi. I have a couple of properties which is enough for me as getting older. I tell my kids they must get into property, not just for a home but as an investment. But with the tax deduction rules changing, it really turns a place quickly into negative gearing. What would you be suggesting to your 20 year...

[kb1796]

Hi all, long time lurker but a first time poster here with a question...

I would like to invest in a property with my parents who I still live with. Would it be possible to get around the 10yr bright line rule by claiming that the invested property will be my main home whilst living in...

[elliot]

We purchased a section a year ago and we are building a house on it. It is jointly owned. Recently our daughter has returned to NZ and we will sell the property to her. Can I sell to the property to her at the cost of the section and building. If this is the case there will be no tax under the bright...

[Kraja]

Hi,

I plan on purchasing a residential rental property. My brother, who lives overseas, has agreed to gift me around $100k to go towards the purchase. The funds will be deposited straight into my NZ bank account.

I understand there is no gift duty in NZ, but are there any...

[WHS]

Hello, I look forward to everyone's advice.
We live in a large old renovated house on a 1100sqm corner site in Gisborne, in a suburb where sections and new builds are rare and in demand.
The garden is easily sub-dividable without compromising the main house - approx 450sqm, with its own...

[rajnz]

In 2013 I bought what I think was the last cheap house in Auckland. It was in Pukekohe, with 1257 sq m of land attached to it and am renting it out for 400 pw. I subsequently bought 3 houses in Hawkes Bay and am getting 210 pw from each. Last year I bought another house in Northland which is rented...

[tulson28]

HI There,

Has anyone ever brought a partner into an Investment property, We currently own one property and are bringing my wife's parents into the deal as we need to release some equity for a business opportunity.

If anyone has done this was it very complicated? They will need...

[BigJack]

Hi Guys,

I got a Home and Income it shows below on council file and on LIM has full CCC for the bottom second dwelling. (built in 2010)


Description of improvements: DWG FLAT OI
Land use: Multi-unit


Under the main house it has a separate...

[primal]

Hi guys,

I hope this topic relates to this forum.

I have a investment property which I bought two years with a mortgage on it . Obviously it's value might have increased.

I am thinking of buying a franchise business. Should I take separate business loan...

[hele27]

I am looking at buying an investment property and the sole owner/occupier committed suicide in the garage, which is detached from the property. The agents have to disclose this of course.
Question is how much under market value would this make it. It cuts out some cultures from investing due...