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Thread: Australia/NZ Tax

  1. #1
    andrea1965 is offline Junior Member
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    Default Australia/NZ Tax

    Hi there,

    We're 2 kiwi's returning to NZ after 25 yrs in Aus. Will we be required to pay tax in both countries? We will be renting out our home in Australia, which still has a mortgage to pay. What do we need to be aware of? Any help appreciated.

    Cheers,

    Andrea

  2. #2
    MotherBear's Avatar
    MotherBear is offline The missing link
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    Hi Andrea, welcome.

    I don't know if you can find anything of use regarding taxation in NZ in here. Taxation can be a tricky thing as the rules can change from country to country. I hope you wouldn't have to pay tax on your rental income in both countries, as there should be a form to fill in to avoid double-taxation. I think this applies in the UK, but I'm not sure about Oz/NZ. Have a read through the links above and see what you can come up with.
    Mother Bear

    Try to bloom wherever you are planted.

  3. #3
    MotherBear's Avatar
    MotherBear is offline The missing link
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    An article from today's NZ Herald.
    Mother Bear

    Try to bloom wherever you are planted.

  4. #4
    Mark Gwilliam is offline Junior Member
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    Hi - there is a double taxation agreement bewteen Oz and NZ which will ensure that you do not get taxed twice. As Mother Bear said tax is a very tricky subject at the best of times. Start throwing overseas factors in and it becomes more complex. Much will depend on your tax residency (which may be different from your living status as Kiwis). Please let me know if I can help.

    Either way, welcome back to NZ.

    Cheers, Mark

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