Wondering about the challenges of property investment in places like Australia or the UK? Read on for details on the opportunities and pitfalls to be aware of.
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Way back in 1866 NZ introduced death duties. When we had death duties an exemption was provided for the family home and the first $450,000 of wealth the individual held. Beyond that, every dollar of wealth was taxed at 40% payable in cash on death.
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Increasing amounts of information are being shared between governments. This means the likelihood of the IRD investigating foreign holdings is higher than ever, and the chances of reducing penalties by pleading ignorance becoming more difficult.
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Increasing amounts of information are being shared between governments. This means the likelihood of the IRD investigating foreign holdings is higher than ever, and the chances of reducing penalties by pleading ignorance becoming more difficult.
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“I have always been on my own and wanted to be secure in my retirement years and enjoy things like travel. Fortunately I have been a good saver and worked hard to pay down my mortgages. I have done this under the guidance of Withers Tsang who have given me confidence to achieve these goals. What has made it so special is the warm relationship I have with my accountant. He is like a friend who is always available if I need advice and supports me with encouragement. ”