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Articles
New Zealand Resident Directors to be obligatory
New Zealand legislation has been passed requiring New Zealand registered companies and limited partnerships to have a director who lives in New Zealand or who is a director of a company in a prescribed enforcement country. ...more
New Zealand Limited Partnerships
The New Zealand Limited Partnership is governed by a modern regulatory regime deliberately introduced to make New Zealand more attractive to overseas jurisdictions. ...more
New Zealand Look Through Companies
The New Zealand Look-Through Company is an entity providing all the advantages of separate corporate identity and limited liability, but with look-through treatment for tax purposes. ...more
Divorce and Partnership Super Profits – A Recipe for Depression
Article published in New Zealand, May 2013
As most readers will be aware, when a relationship comes to an end "relationship property" is generally split equally between spouses, subject to any adjustment for "economic disparity". The most common focus of attention within that relationship property pool is on the relationship home and any business interests or other investment assets accumulated during the relationship. ...more
NEW ZEALAND FACTS AND COMPANY INCORPORATION DETAILS
New Zealand comprises two main islands, the North and South Islands and other smaller islands. It is located in south-western Pacific Ocean... ...more
Tax Exemption for New Migrants
Article published in New Zealand, September 2011
New migrants to New Zealand and New Zealanders who have been away for at least ten full tax years qualify for a 48 month exemption on foreign sourced income. I asked Kevin Jones of Jones Law to provide some insight into what this might mean for migrant families, and how they should best make use of this attractive concession. ...more
Gift Duty Abolition
Article published in New Zealand, September 2011
Gift duty is due to be abolished from 1 October 2011. I asked Kevin Jones and Amber Nell of Jones Law to provide their thoughts on what this might mean for family trusts, especially those used by families who have settled here from overseas. ...more
New Zealand Foreign Trusts
RECENT REGISTRATION & DISCLOSURE REQUIREMENTS
New Zealand has seen some recent changes with the introduction of compulsory registration for foreign trusts. That registration process, and the annual return, require disclosure of distributions and settlements as well as the tax identification number of recipient beneficiaries and settlors. ...more
New Zealand Foreign Trusts
The New Zealand Foreign Trust ("NZ Foreign Trust") is an entity which provides non-resident persons an opportunity to utilise the economic and political stability and trusted reputation of New Zealand as a base to manage their assets, without the imposition of New Zealand tax on non-New Zealand sourced income. ...more
Moving to New Zealand:
Managing Dual Residence
In today's global marketplace more and more people are choosing to move countries but maintain their old employment, directly or as a contractor, by working remotely and returning from time to time. In other cases, you might be coming up to retirement age, reducing working hours and spending several months in each country. In each of these cases, you will need to carefully consider your tax residence position and, where applicable, understand how to manage your dual residence. ...more
The Importance of Expert Advice
Article published in New Zealand, May 2011
With New Zealand increasingly referred to as "the Switzerland of the Southern Hemisphere" more and more overseas families are making New Zealand their permanent home. Happily for the New Zealand residential property market, along with this decision comes the acquisition of what is usually a not insubstantial family home. ...more
NZ Tax Benefits/Traps
Article published in the United Kingdom, October 2012
New Zealand has no generally applicable capital gains tax, no estate duties and, as of October 2011, no gift duties. In addition, the Government encourages new migrants to the country with a four-year tax exemption on their foreign sourced income. So far so good. ...more
Seek Tax Advice when
Migrating to NZ
Article published in the United Kingdom, July 2012
Financial considerations will necessarily be part of planning your move to New Zealand. Your UK pension may be one of your key investments. The current New Zealand tax rules applying to foreign pension schemes are complex and lead to inconsistent outcomes. New proposals are intended to simplify the New Zealand tax treatment of foreign pension schemes. ...more
Tax Exemption
Article published in the United Kingdom, April 2012
Your move to New Zealand will naturally have tax consequences. Make sure you understand your obligations under New Zealand tax laws before you emigrate to New Zealand and make the most of the advantages available to you as a new migrant moving from the UK to New Zealand. ...more
NZ Tax & Estate Planning Traps
Article published in the United Kingdom, June 2011
With New Zealand increasingly referred to as “the Switzerland of the Southern Hemisphere” more and more overseas families are making New Zealand their permanent home.
Happily for the New Zealand residential property market, along with this decision comes the acquisition of what is usually a not insubstantial family home....more