Inside Commercial Property · #77 - Commercial Property: What's Rising, What's Not, and Why | Scott O'Neill & David Hamilton
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Buy large-format retail properties in New Zealand to avoid capital gains tax and 5% stamp duty, leveraging lower OCR (2.5%) and higher yields
5% stamp duty, OCR 2.5% vs 4.35% Australia, yields 5.5-6% in Auckland
“You don't necessarily have to use the same value for the bank for stamp duty and for capital gains tax purposes. The bank may value a property at a million dollars, but you might sell it for $900,000.”
“Donating appreciated stock… you avoid paying capital gains tax… still get to deduct the full fair market value”
“If you're doing something like a spousal transfer for stamp duty purposes, or even a related party transfers such as selling to a trust, you may want a low valuation to reduce the amount of stamp duty payable.”
“That's where you generally want your high growth potential, but tax efficient. So maybe if you own any stock index funds, things of that nature to benefit from the long-term capital gains. Tax deferred accounts, that's usually less tax efficient, but maybe lower return potential”
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