Expats can breathe easier as tax dept issues new advice on residency

Tue, 18 Mar 2014

March 18 (BusinessDesk) – New Zealanders living and working overseas can breathe a little easier now tax authorities have agreed that renting out a house they own in New Zealand doesn’t automatically make them a New Zealand taxpayer. The Inland Revenue Department has issued an interpretation of New Zealand residency after a Taxation Review Authority decision last year appeared to massively widen the scope for kiwis to be taxed in New Zealand on income earned offshore. A key determinant in the TRA’s decision was property ownership and the exis...

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