Property investment is a great way to build long-term wealth.
Many Kiwis purchase rentals to grow their nest egg for retirement and create cashflow to fund their dreams. If you get it right with property investment, the potential rewards can be very lucrative.
However, it is important to structure your finances and legal entities in a way that offers the best chances of success. The potential consequences of not doing so are enormous.
Tax laws are in a constant state of flux, with recent ring fencing regulations throwing a this isn’t law yet ‘spanner in the works’ for many property investors. We keep up to date with the latest changes so that you can get the best accounting and advisory support.
There are several different ways to own a property – in your own name, a trust, limited liability company or partnership. Selecting the best legal structure ensures that you pay less tax and have less exposure to risk. Some of the key factors to consider include:
We have a large amount of experience from supporting residential property investors and rental owners for many years. By understanding the entire picture of your income, assets and debts, we can help to structure your finances in a way that minimizes tax bills and protects your investment.
Contact us today to start the conversation about your next property and get it right from the beginning.
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