Families and individuals considering any type of investment, especially land purchases, are well advised to seek early advice from an experienced Chartered Accountant on taxation and other related matters that will inevitably affect them. In New Zealand taxation is levied on a personal level through a pay as you earn system, through company taxation and through a comprehensive goods and services tax (GST). New Zealand does not have death duties or land taxes (such as those in USA). Families moving to New Zealand and purchasing property should consider all aspects and advantages of creating a family trust as an entity for the purchase and ownership of property.
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