Structures
COMMON MISCONCEPTIONS ABOUT FAMILY TRUSTS
The beneficiaries have the legal right to be informed and to be considered, and as a trustee you must prove that you have consistently done this. In other words, there is no such thing as a “passive” trustee.
Read MoreTO LTC OR NOT TO LTC: THAT IS THE QUESTION!
To LTC or not to LTC: that is the question. What do we mean? Watch this interview with Garreth Collard, Principal of EpsomTax.com Limited, Investment Accountants, Auckland, and learn more about: What is an LTC? (see also this article) Is it the same as an LAQC? Who would benefit from setting up an LTC? Should…
Read MoreRESIDENTIAL CARE SUBSIDY AND GIFTING
Previously, the country’s lawyers had advised people to gift no more than $54,000 per couple per year so that they wouldn’t be accused of excessive gifting when it came time to be assessed for a residential care subsidy. If your assets come under certain figures the Govt. will subsidise your rest-home care.
Read MoreLTCS VS QCS AND LAQCS
LTCS VS QCS AND LAQCS. Unlike the LAQC rules, shareholders of an LTC are liable for tax upon the company’s profit, as well as being able to offset the company’s losses against their other income.
Read MoreRENTAL INVESTMENT PROPERTIES & LTCS – A GOOD MATCH?
… is whether an LTC is the right ownership structure for your Residential Investment Property. We pick Garreth’s brain to get to the heart of whether an LTC is right for you. A ‘must see’ for any investment property owners!
Read MoreIF I SELL THE FAMILY HOME TO AN LTC IS THE INTEREST TAX-DEDUCTIBLE?
Under present rules i.e. pre 1 July 2024, unless the house is rented to an approved community housing provider or is a “new build”, there is no interest deductibility
Read MoreSHOULD YOU FORM AN LTC TO OWN YOUR RENTAL INVESTMENT PROPERTY?
However, this legal vehicle does allow you to proportion losses (and income) according to the amount of shareholding that each shareholder has.
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