Articles by John Rowe
This brings us to an important point if you earn income in multiple tax jurisdictions: you must consider cross border tax issues, which means you will need to file a tax return both in your country of residence and the other tax jurisdiction(s). In some cases, this means you could be taxed twice on the same income, unless New Zealand has a double tax agreement (DTA) with the other country. Currently New Zealand has DTAs with a number of countries, including Australia, the UK, Singapore and USA. You can find a full list of countries with which NZ has a double tax agreement here.Obviously not all countries have the same tax rules, and tax paid in one jurisdiction may be more or less than what is required to be paid on the same amount of income in the other country. If the countries involved have a DTA, tax paid in one country is offset against the tax obligations of the other country as a tax credit, and only the difference needs to be paid.
I found Matthew Gilligan’s Property 101 and Tax Structures 101 to be superb books for the following reasons: 1. They contain a wealth of information about property investing and related tax matters; 2. The commentary is very rounded and balanced; 3. They are filled with financially savvy practical tips and red flag warnings; and 4. The relatively informal style, use of short case studies and anecdotes to illustrate points, and the clarity of presentation make the books very reader friendly. The above combine to make two books that are educational, thought provoking and inspiring. I only wish I had access to this information much earlier. - Geoff W - April 2016
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