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Development and Investment

Discussion in 'Buying Overseas Property' started by xander, Sep 18, 2006.

  1. xander

    xander New Member

    Hi there,

    we are busy doing our research on PI as that is our long-term goal in having success in NZ.

    Now I was wondering is it acceptable for us to do property investment as well as property development(trading)?

    We would be running it as 2 separate businesses. I will do the development (trading) while my wife does PI.

    Is that viable or does the IRD look at it as we are a married couple we are doing this as one business.

    Any thoughts?

    Cheers
     
  2. cade

    cade New Member

    Hi Xander,
    Absolutely possible to do it. Definitely get independent professional advice from a structure expert of tax lawyer though. It is imperative that you do not taint you buy and hold operation through your buy and sell operation. Trusts are generally the best vehicles to do this.

    All the best with your investing.
    See you soon
     
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