If you have investments in New Zealand

• If you have property in New Zealand that you have rented out
• What is a portfolio investment entity (PIE)?
• Notified foreign investors (NFI)

If you have property in New Zealand that you have rented out.

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.

Find out what your personal tax residency status is

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.

Find out more about the tax treatment of rental properties

What is a portfolio investment entity (PIE)?

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.

Find out more about PIEs for non-resident investors

Notified foreign investors (NFI)

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.

Find out more about Notified foreign investors (NFI)

 

Date published: 13 Oct 2011

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