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