Posts Tagged ‘overseas’
NZ TRUST TAX ISSUES WHEN MOVING TO AUSTRALIA
NZ Trust tax issues when moving to Australia. Is that “a thing”? Ooooh yes. Let’s explore: New Zealand trusts are often treated as simple, stable structures. That sense of stability can quickly unravel when trustees or beneficiaries move offshore—particularly to Australia. Every year, thousands of New Zealanders relocate across the Tasman for lifestyle, family, or…
Read MoreARE THE LOSSES FROM MY RENTAL IN NZ TAX-DEDUCTIBLE IN AUSTRALIA IF I’M WORKING THERE? PART 2
does the ATO allow losses from rental property in New Zealand owned by a New Zealand LTC to be offset against personal waged income earned in Australia?
Read MoreOVERSEAS SHARES: SHOULD YOU BE A DE MINIMIS INVESTOR?
Overseas shares: Should you be a de minimis investor? It’s a good question. Learn why staying under the “de minimis” threshold might not actually get you the most tax-efficient outcome. To introduce this, firstly let’s point out the obvious: Investing globally offers New Zealand investors the opportunity to diversify their portfolios and tap into international…
Read MoreINVESTING IN NEW ZEALAND PROPERTY
Investing in New Zealand property: New Zealand has long been a hotspot for property investment, attracting both local and international investors. With its stable political environment, transparent legal system, and strong property rights, the country offers a relatively secure environment for real estate ventures. However, like any investment, property in New Zealand comes with its…
Read MoreHOW DO I KNOW IF I’VE GOT NON-RESIDENT TAX STATUS (NZ)?
HOW DO I KNOW IF I’VE GOT NON-RESIDENT TAX STATUS (NZ)? How do you know if you have non-resident tax status in New Zealand? Some of our clients live and/or work overseas, and have asked us about non-residency status with regards to tax.
Read MoreI’M A NZ TAX RESIDENT WITH OVERSEAS INVESTMENT PROPERTY. DO I HAVE TO PAY NRWT? OR AIL?
Good question. The best answer is: look at the flow-chart below (kindly provided by IRD) Basically, if you have overseas investment property and you have a mortgage with an overseas bank, then you might have to pay NRWT. NRWT is Non-Resident Withholding Tax. Essentially, if you’re paying interest, dividends or royalties to people (and banks,…
Read MoreOVERSEAS PENSION: HOW DO I GET THE MONEY BACK TO NEW ZEALAND?
Basically, Foreign Investment Fund (FIF) rules are there to declare your foreign investments, as the name suggests. If you haven’t been using these up until now, the proposed new rules will effectively be compulsory.
Read MoreARE THE LOSSES FROM MY RENTAL IN NZ TAX-DEDUCTIBLE IN THE UK (IF I’M WORKING THERE)?
ARE LOSSES FROM MY RENTAL IN NZ TAX-DEDUCTIBLE IN UK? …you have a rental property here in NZ, and it is making a loss; can you claim it in your UK tax return?
Read MoreARE THE LOSSES FROM MY RENTAL IN NZ TAX-DEDUCTIBLE IN AUSTRALIA IF I’M WORKING THERE? PART 1
Whereas the LAQC taxed profits at corporate tax rates, the LTC taxes profits at the personal tax rate of the shareholders.
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