Hi everyone, thanks in advance to anyone who can help me with my questions.
I own a property in NZ that is now held in an LTC after the changes from an LAQC.
I am now living and working in Australia and am therefore not earning any NZ income.
As the property is running at a loss and I cannot offset the losses to any income, I am wondering if this is the best way to structure the property?
Could anyone shed some light on this situation or if they know of anyone else in the same position?
Thanks again!
I own a property in NZ that is now held in an LTC after the changes from an LAQC.
I am now living and working in Australia and am therefore not earning any NZ income.
As the property is running at a loss and I cannot offset the losses to any income, I am wondering if this is the best way to structure the property?
Could anyone shed some light on this situation or if they know of anyone else in the same position?
Thanks again!
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