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.

Suited to:

• 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.

1.25 CPD hours

PRESENTER

Jarod Chisholm, Senior Partner, Findex/Crowe

Jarod is a senior partner in the Otago Tax Team for Findex/Crowe and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in “Big 4” firms in Australia and New Zealand in the tax domain, and working for large corporates as a management accountant.

Jarod is recognised as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.