New Posts For Thread: New Zealand wife - tax capital gainshttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gainsAt the moment theoretical but say(1) I marry a New Zealander and transfer a property with a potential gain of £100k say- I assume nil CGT on trnasfer to spouse(2) We stay in New Zealand for oen tax year and seh seels the property : Currently New Zelnot wanting to rub it in but no capital gains tax for NZ residents (unless technically a trader) on property, share appreciation and even dividends may be imputed.in your case a good tax accountant would seem to be a worthwhile investment.https://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gains?post_id=490966409#490966409not wanting to rub it in but no capital gains tax for NZ residents (unless technically a trader) on property, share appreciation and even dividends may be imputed.in your case a good tax accountant would seem to be a worthwhile investment.Thu, 31 Mar 2011 02:25:49 -0500The actual gains are more like £2million so potential CGT bill over £500k I agree otherwise not worth it.If it is classed as a business asset then you can get 75% taper relief if held for more than two years. For a higher rate tax payer that wouldhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gains?post_id=490898369#490898369The actual gains are more like £2million so potential CGT bill over £500k I agree otherwise not worth it.If it is classed as a business asset then you can get 75% taper relief if held for more than two years. For a higher rate tax payer that wouldWed, 30 Mar 2011 13:01:18 -0500meant to say putting 30k into an EIS not an IShttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gains?post_id=490889429#490889429meant to say putting 30k into an EIS not an ISWed, 30 Mar 2011 11:25:47 -0500Have not used the real numbers , basically bought 15 properties between 1999 to 2001.I trained CIMA and barely scrapped my tax examsThe actual gains are more like £2million so potential CGT bill over £500k I agree otherwise not worth it.I have beenhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gains?post_id=490889261#490889261Have not used the real numbers , basically bought 15 properties between 1999 to 2001.I trained CIMA and barely scrapped my tax examsThe actual gains are more like £2million so potential CGT bill over £500k I agree otherwise not worth it.I have beenWed, 30 Mar 2011 11:23:50 -0500If it's a residential property can you move into it for a 'reasonable period of time' so that it becomes your PPR thus avoiding CGT?https://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gains?post_id=490850217#490850217If it's a residential property can you move into it for a 'reasonable period of time' so that it becomes your PPR thus avoiding CGT?Wed, 30 Mar 2011 03:00:43 -0500wouldn't the cost of becoming non-resident (eg moving, loss of income, travel, insurance etc etc) outweigh any CGT savings? seems a lot of work and time to save 20-30k. and If I was your theoretical wife I'd file for divorce the minute I landed in NZhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gains?post_id=490837661#490837661wouldn't the cost of becoming non-resident (eg moving, loss of income, travel, insurance etc etc) outweigh any CGT savings? seems a lot of work and time to save 20-30k. and If I was your theoretical wife I'd file for divorce the minute I landed in NZTue, 29 Mar 2011 23:16:23 -0500At the moment theoretical but say(1) I marry a New Zealander and transfer a property with a potential gain of £100k say- I assume nil CGT on trnasfer to spouse(2) We stay in New Zealand for oen tax year and seh seels the property : Currently New Zelhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27340645/new-zealand-wife---tax-capital-gains?post_id=490741137#490741137At the moment theoretical but say(1) I marry a New Zealander and transfer a property with a potential gain of £100k say- I assume nil CGT on trnasfer to spouse(2) We stay in New Zealand for oen tax year and seh seels the property : Currently New ZelTue, 29 Mar 2011 09:10:48 -0500