Prop Investment Accountant, any recommendations?

[wenct]

Hi, I'm a newbie to the forum and have a question on taxes.

For my previous properties, I usually put it under a company, however, when I purchased my own home, the lawyer advised us to put it under our own names as it's not a rental.

I don't feel quite right/safe to put it under personal name, just wondering if it's a good idea to transfer our own house to an LAQC, and possibly pay rent and claim the GST & depreciation? Would IRD think it's dodgy?

How do you allocate properties to LAQC, family trust...etc? I heard from a friend that he uses LAQC for all rentals, trust for quick cash deals.

Any recommendation for a good property investor's accountant & lawyer in Auckland?

Thanks in advance for any comments.

[Dean@Massiveaction]

Where to start

For my previous properties, I usually put it under a company, however, when I purchased my own home, the lawyer advised us to put it under our own names as it's not a rental.

Bad idea, put it into a family trust

I don't feel quite right/safe to put it under personal name, just wondering if it's a good idea to transfer our own house to an LAQC, and possibly pay rent and claim the GST & depreciation? Would IRD think it's dodgy?

Yes they wil absolutely don't do it.

How do you allocate properties to LAQC, family trust...etc? I heard from a friend that he uses LAQC for all rentals, trust for quick cash deals.

Talk to a decent accountant/structure person

Any recommendation for a good property investor's accountant & lawyer in Auckland?

Click the banner advert, GRA are great accountants/structure people.
My solicitor is the best in the business for property, Mike Vallant of Vallant Hooker and Partners in Ponsonby, 09 3600321

[wenct]

Thanks for your valuable advice & recommendations.