When you are one of the expatriates of New Zealand residing abroad, you might have serious troubles with your NZ investments especially the associated taxes. This article will shed some light on cross border investments and potential solution to minimize your taxations with the appropriate pointers on tax planning.
If you are an expatriate, the country you are presently in will surely dig deep to tax your foreign investment, including NZ investments. With regard to NZ investments, the proper measure is to check on your current country’s exemptions and qualify into one of them. Even if this might not be always true but qualifying for this will allow for your NZ investments to be exempted from tax. GRA will readily help you accomplish this goal.
GRA has been recognized all over New Zealand to help expatriates address their critical taxation planning matters. But the team is identified to over deliver and will provide means to deal tax obligations in your recent country, even try to find exemptions to significantly reduce taxes.
To shelter your New Zealand investments, one of the optimum means is to move your investments behind blind trusts as a tax resident in New Zealand with GRA as the Trustees. With the right Trust structure and tax planning, this can make your NZ investments blind to the world.
This structure can tax shelter your investments from your current country’s taxes and only subject to New Zealand taxes. With NZ getting no capital gains tax, property tax, or stamp duties, your gains from investments are not subject to taxes and at the same time being sheltered by the Trust system.
GRA is an expert to these Trust blind structures. You demand the proper information for your taxation planning on your NZ investments. This will relieve you from potential headaches.
John Rowe is working with Gilligan Rowe & Associates. They are Chartered Accountants and are Specialist Accountants and Experts in property and family trusts.
