Double taxation risk? Purchasing Via an NZ Company

[bennett]

Hi Guys,

Does anyone know the risk of getting double taxed when purchasing through an NZ company?
My understanding is profit from property investments could be distributed to Australian shareholders via a (fully franked?) dividend but does the Australian government give a tax credit for the tax already paid to NZ by the company???

 

[kristopher]

Hey bennett,

I understand that if the property was held in personal names in NZ - then tax credits apply, so I would see no reason why it wouldn?t apply for an LAQC entity.

Would like to know for sure when you find out.

Thanks!!