The ownership of property in, and from, foreign jurisdictions has become increasingly common. However, a variety of issues arise, from a New Zealand taxation perspective, for those from offshore investing in property in New Zealand, and for New Zealand investors buying and owning investment properties overseas. This course will work through the various considerations and give guidance on factors to consider when investing, taking into account recent IRD guidance in relation to overseas property ownership.
Upon satisfactory completion of this activity you will be able to:
- Work through options for investing in property cross border, taking into account taxation matters, including double tax agreements
- Consider migration issues as they relate to property
- Understand the RLWT rules and how these can apply
- Outline how the ring-fencing of rental losses can apply to overseas property
- Understand taxation obligations arising from borrowed funds to invest cross-border, the application of the RWT and NRWT rules
- Work through GST considerations.
- accounting and legal practitioners advising clients on property related matters
- real estate agents and financial advisors also working with people that have rental property investments.
Daniel Gibbons, Partner, Findex/Crowe
Daniel is a Partner for Findex in Queenstown. Daniel has been with Findex for 13 years, where he advises on a wide range of tax matters, including property transactions and property ownership
structures, international taxation issues, the tax treatment of investments and providing structuring advice to clients, including assistance for family group restructures. Daniel is recognised as a leader in
the taxation treatment of short stay accommodation, providing training to other practitioners.
- 9 November 2021
2:00 pm - 3:15 pm