I was reading a magazine aimed at new immigrants, with an article saying,
"If you are buying a house here, (NZ), and bringing all your money with you, you need to put it, (the house), straight into a trust as soon as you can because otherwise there are tax implications."
Unfortunately, it wasn't helpful enough to explain why there was tax implications, and what they were.
Anybody else heard of this? Anybody put their house in trust?
Cheers
Tia