Govt to drop FIF tax burden on returning Kiwis, new migrants

Revenue Minister Simon Watts says the Government is planning to change Foreign Investment Fund tax rules. (Image: BusinessDesk)

Staff reporters

Wed, 12 Mar 2025

The Government has announced it will change the tax rules on returning New Zealanders and new migrants who hold foreign investments, so they only pay tax on their investments when their gains are realised. Revenue Minister Simon Watts made the announcement on Wednesday afternoon, a day before the Government’s investment summit was due to start. The rules will apply to assets a returning New Zealander or new migrant bought before they came to New Zealand.“The current foreign investment fund (FIF) rules are a key deterrent f...

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