- If you have property in New Zealand that you have rented out
- What is a portfolio investment entity (PIE)?
- Notified foreign investors (NFI)
Even if you have determined that you are no longer a resident for New Zealand tax purposes, you will still be required to pay tax on any income that you derive that has a New Zealand source. This will include rental income that you receive from renting out a New Zealand property.
You will be required to file a Non-resident income tax return (IR3NR) in New Zealand returning the rental income and claiming deductions for any related expenses.
A portfolio investment entity (PIE) is a type of entity (such as a managed fund) that invests the contributions from investors in different types of investments. PIEs came into existence on 1 October 2007.
There is also a new class of investor, a notified foreign investor. A non-resident who holds an investment in a foreign investment PIE may notify the PIE that they wish to be treated as a notified foreign investor.
Date published: 13 Oct 2011
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