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there's also no employment. how will they pay the rent?
a very wise man told me years ago there's no capital gains tax in nz Because there's no capital gain
a very wise man told me years ago there's no capital gains tax in nz Because there's no capital gain
there's also no employment. how will they pay the rent?
I am looking to buy in NZ too, even thouhg there is no capital gain tax in NZ , when I sell it, do I have to pay for capital gain tax in AUstralia for capital gain in NZ?
HI
When purchasing in NZ you don't pay CG in NZ or in Australia and you don't pay stamp duty on the property purchase.
I have used Mark Honeybone from MH Ventures who sources some great deals, some great cash flow + stuff,
and here is another link
http://www.property-investors.co.nz/
I am onto my second deal, am flipping. I think the strong Australian $ makes it very attractive proposition at the moment.
Cheers, MTR