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Accountancy Issues for Overseas Buyers |
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| The Delta in conjunction with Locations has asked Ward Wilson Accountants to provide New Zealand based accountancy services to buyers and prospective buyers, of properties at The Delta. |
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Ward Wilson Ltd |
| Ward Wilson Ltd is an independent chartered accountancy company practising in association with the National and International firm of KPMG. Ward Wilson acts for a large number of foreign investors who have significant investments in New Zealand particularly around the Queenstown/Lakes District region. |
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| Ward Wilson will help you gain the maximize return on your New Zealand investment. When considering investing in New Zealand property you must consider a number of issues to maximize gains and minimize risk from your property: |
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- Type of property ownership
- Tax implications of a New Zealand investment
- Tax implications of my investment in my country of residence
- Other issues
- Impact of residency
- Overseas Investment Commission Consent
- Transfer pricing
- Tax filing requirements
- Foreign exchange exposure
- Registration and annual audits
- Taxation of capital gains
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| Some tax advantages in New Zealand |
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- No stamp duty on transactions
- No inheritance tax
- Generally no broad capital gains tax
- Often there is no tax on land transactions
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| Specific to Delta Investments |
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- No tax if an increase in property value is from investing in a single section on a long term basis.
- If purchasing multiple sections then further information should be sought from a New Zealand advisor.
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| For a copy of the full report prepared for purchasers of property at The Delta please visit www.thedelta.co.nz |
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| If you would like to discuss these issues further or have any questions in regard to property or business investment in Queenstown (or other parts of New Zealand) please contact Anthony King (Taxation Consulting Associate), Craig Benington (Principal) or Chris Duffy (Principal) at Ward Wilson Limited. |
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Contact Details:
Telephone: +64 3 442 8554
Facsimile: +64 3 442 8594
Street address: 10 Athol Street Queenstown
Postal address: PO Box 123 Queenstown
Email: queenstown@wardwilson.co.nz |
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| Download Letter from Ward Wilson Ltd Accountants. |
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| For more information about Ward Wilson please refer to www.wardwilson.co.nz |
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