Hi,
Got a quick question I was hoping someone can help with! I have a rental property which has appreciated in value, I want to draw out some equity and reinvest it elsewhere. Rental is being run as a company. If I draw out the equity and reinvest in bonds or stocks, still remaining within the company, are there any tax implications? Would I need to declare this to IRD anywhere?
Cheers
Got a quick question I was hoping someone can help with! I have a rental property which has appreciated in value, I want to draw out some equity and reinvest it elsewhere. Rental is being run as a company. If I draw out the equity and reinvest in bonds or stocks, still remaining within the company, are there any tax implications? Would I need to declare this to IRD anywhere?
Cheers
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