Look Through Companies LTC's and LAQC's

[Juicy Guava]

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 so, how great has that impact been.

The background to my questions are that we are still...

[FrozenWaves]

Hi Guys,

I have been working in the UK for the last 10 months. I left NZ in Jan last year and traveled for a few months before settling down in London.

My situation: LAQC holding 1 property that is CF Neutral at the moment. I plan to transfer it to a LTC (im currently back...

[payday]

My partner and I are have finally grown up and are we are now trying to get a bit smarter with the money I earn and the equity we have in our current house

We currently are a couple in our mid 30,s with a 3 year old and a newborn on the way (any day now) we have a house worth about 400K...

[Auckland PIA]

Tue 6 September 11 7pm arrival for 7.30 start
Titoki Room, Parnell Community Centre, 545 Parnell Road, Parnell
FREE for APIA members (tickets required please email [email protected] to register) or
$50 prepaid ticket for non members (email [email protected] to register)...

[ryal001]

On transitioning from an LAQC to an LTC, the Income Tax Act allows you to calculate your initial owners basis using the market or book values as at 31 March 2011.

The owners basis formula is:

investments − distributions + income − deductions − disallowed amount

Given...

[Invoke]

Hi All,

I own a residential property in Auckland which is tenanted whilst I am living in the UK.

I have recently received a letter from my accountants informing me of the changes that are in progress for LAQC companies. If these changes do come to fruition my accountants...

[Matt Gilligan]

Hi All

Since announcing in May that the LAQC regime was going to be the subject of an overhaul the property investment community has been anxiously awaiting the Government’s follow-up to the Issues Paper released at the time. On Friday 15 October 2010 draft legislation was released....

[tgarratt]

Hi i would like to ask any person that has experience with rent to buy and the best approach to set this up for tax purposes.
Currently we have a property worth approx $60k mortgage free under a LAQC which is part of our property portfolio.
With the recent current law changes in NZ, what...

[joker]

Hi,

I understand that it may be better, when buying investment property to set up a company first and have the company buy the investment property. This is better for tax purposes, especially if using LAQC. In my own case I am considering downsizing - that is, we move out of our current...

[Winston001]

On one thread it was argued that the tax advantages of an LAQC disappear after a short time when the property owned becomes profitable. The implication is the LAQC structure doesn't give property investors an unfair advantage.

However my observation of people who own rental houses is they...

[thomas8282]

The old question...we have scoured online forums and sources incl this one, over several years, while we have amassed our "portfolio". Now we have a 3 month old son.
Everything we read says "depends on your situation..."...

so we will give details ...
...

[Odin]

So having one IP in one LAQC secured on my own house with LVR on maybe 80 - 85% i'm still keen to get my little dirty fingers on an other IP. I can raise 10K and was thinking a property in the 150 - 180k bracket. So i had a little email duel with a mortgage broker and suggestions was that i could borrow...

[lissie]

We are considering moving into a property which is currently owned by our LAQC. We are considering selling what was our home (joint names, currently rented out as we have been living overseas) and moving into a smaller property currently owned by our LAQC.

What are the issues - I know...

[novice_investor]

Hi,

My question pertains to New Zealand property investors who are currently or in the past been employed in Australia.

I am currently working in Australia and as per the rules of the Australian Tax Office, i am able to offset the losses of my rental property in NZ against...

[whatmakesmehappy]

Hi all,

I have been reading the threads today and thought this site is very useful, so I'm hoping that some of you could give me some advice.

We have one very low end investment property that we bought a few years ago. We didn't think about LAQC at that time. Now, we're looking...