Some time ago I wrote an article about Kiwis in Australia holding NZ properties by using a NZ company or under their own individual names. The feedback was very good. This article will focus on holding NZ properties using a NZ discretionary family trust.
Please click the following link for PART 1 of the article:
Kiwis in Australia owning NZ properties: Tax or No Tax in Australia? (PART 1)
Continue reading Kiwis in Australia owning NZ properties: Tax or No Tax in Australia? (PART 2 – TRUST)
Finally there is an update on the change of CGT for foreign resident. The government has released an exposure draft and asking interested parties for comments. Unfortunately, it is not a good news for Kiwis in Australia.
Continue reading Capital gains tax changes for foreign residents: An update
In Australian tax, a tax resident is taxable on the worldwide income and a non-resident is taxable only on the Australian income. As like New Zealand tax, failure to get your tax residency correctly may cause all your overseas income and salaries being taxed in Australia, even if it has been taxed in the foreign country.
Continue reading Residency: Australian tax