Hi
My LTC owns a house in the Mainland that I will be moving into soon.
It will soon become my POPR.
I will not charge myself rent and I will not claim any expense against the house.
Can you guys see any issues?
Thanks
Richard
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Living in my LTC owned house?
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will Change % of existing shareholders in LTC - Trigger 10 year BLT?
Hi There,
Need some advices from experts here.
Me and my wife currently own 2 rentals, and both are in the same LTC - sharehoders are me and my wife.
We want to change % of existing shareholders in LTC, e.g. 1% 99% change to 50%. 50%, will it trigger 10 year BLT?
Tha... -
Investment property - Company vs Trust vs Holding in your name
I'm a bit confused about what tends to be the best option when buying your first investment property?
1)Do I understand correctly that by holding the investment in a LTC (or Ltd Company), the tax you pay on rental income caps off at 28% as opposed to 33%?
2) If above is true,... -
Structure going forward
LTC going forward
With ringfencing in place already, what is the future of LTC that is generating income now with no interest rate deductibility?.
This means you will be paying Tax at the shareholders rate which could be as much as 39%
If the spouse no longer works,...Last edited by Bluecoat; 18-04-2021, 04:09 PM. -
Changing Shareholdings in LTC
Hi guys, just after some thoughts.
I'm a reduced hours salaried worker and business owner and on roughly $150K/yr and my wife is an at home mum. We are buy and hold investors. We started our LTC in 2012 and purchased several properties. Our last property purchase was in 2015. This year is the... -
Rules around 'tainting'
Hi, I have a question about structure of ownership.
Let's say you have a company that owns 2 rental properties and will own them for 10+ years.
If the same company buys another rental property with the intention to hold on to it for at least 5 years, but then after 1 year gets an excellent... -
ACC levy for retired person has a rental income?
Hi there
My parents just received a 2020 ACC levy invoice.
They have a LTC company set up to manage the rental property, but both of them are retired and over 70, are they still liable to pay ACC levy? Is this because they are the owner of LTC so liable to pay ACC?
If the rental... -
Selling our freehold personal home to LTC for rental use and gearing up
Hi All,
Wife and I are thinking about buying a new personal home, and retaining our existing personal home but changing its use to a rental - we own it freehold. We are thinking of establishing a jointly owned LTC which would buy our existing home off us, and would use new mortgage debt... -
Is it still worth putting a rental in LTC?
We currently own a rental in our own names (property #1). After the current 12 month fixed term tenancy ends, we will rebuild on it and move it so it will become our family home. In the mean time, we are looking at buying a property (#2) that we will live in until property #1 is rebuilt, at which point... -
Family Trust OR Family Trust and LTC?
Given we are shortly to be sharedholders and Directors in a high-risk sector, we have decided with our Solicitor that a Family Trust is the best way forward. We've also received advice from our own Accountant and one other Accountant. Trouble being one Accountant recommends placing our rental property... -
financial structure LTC vs Trust vs Company
hi there,
We are in the process of setting up our financial structure to start investing in rental properties. We've had discussions with several Accountants, all of them advising another strategy: one advised a trust, one a LTC and another one a Company.
This got my quite confused....... -
New Trust or keep LTC
Currently have an LTC which if shares are sold to a new trust will give us a savings of around $4k pa as well as asset protection . Move personal freehold house to Trust, as might as well utilize the Trust. So single easily entity and easily managed. Plan is to buy more IP's.
The setup... -
LTC and Trust
I am looking at ways to structure my affairs so that it is beneficial to my family of 4 . Wife and I are in 30 and 33% tax brackets with a UNI/high school attending children
I have approached my CA who suggested I sell my shares to a Trust but unsure which entity should I use if I purchase... -
Selling Rental to LTC
Have a situation. Have 2 properties. One owner occupied and one rental both on personal name. Converted the owner occupied in to a rental and sold both the properties to LTC at market price. Bought a third one for owner occupied.
Will this be ok with IRD when we claim interest for the two... -
Winding up an LTC?
I'll be setting up an LTC in a couple of months and selling my current residence to it to get the maximum tax benefits when I rent it out.
I understand how any income/loss flow to me personally.
I can't find information on what happens down the road when I eventually sell my...