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Double taxation risk? Purchasing Via an NZ Company

Discussion in 'Buying Overseas Property' started by bennett, Sep 25, 2006.

  1. bennett

    bennett New Member

    Hi Guys,

    Does anyone know the risk of getting double taxed when purchasing through an NZ company?
    My understanding is profit from property investments could be distributed to Australian shareholders via a (fully franked?) dividend but does the Australian government give a tax credit for the tax already paid to NZ by the company???
  2. kristopher

    kristopher New Member

    Hey bennett,

    I understand that if the property was held in personal names in NZ - then tax credits apply, so I would see no reason why it wouldn?t apply for an LAQC entity.

    Would like to know for sure when you find out.

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