Discover the essentials of the Foreign Investment Fund regime, including key disclosures and recent changes for new overseas tax residents. Stay ahead of current issues and understand the implications for you and your clients.
Following Donald Trump’s election win in 2024, the US share market boomed. This lasted until mid-February when uncertainty around tariffs and where the market was heading caused a drop, resulting in the market ultimately ending the financial year down on prior highs.
During this time, many investors enjoyed the returns available while interest rates started to drop in NZ. However, given the volatility in the world, the returns achieved by investor vary depending upon their strategy and timing of sales/purchases.
Also, late last year the IRD consulted around proposed changes to the rules for migrating taxpayers.
Now more than ever before, advisors need to be aware of the options/pitfalls to ensure we advise our clients correctly in this highly technical area of the law. It is important to ensure that clients do not end up paying more than their “fair share” of income tax.
This course will work through the Foreign Investment Fund regime at a high level and its application including the various disclosures required by the IRD and the recent proposed changes for recently arrived overseas tax residents.
We will also outline the current issues in this area and the potential implications of these to you and your clients and where the Inland Revenue Department are likely to focus.
By attending this course you will get a better understanding of the FIF rules and the current issues impacting on taxpayers.
CA/Lawyer/Advisor – Manager level (but potentially all levels subject to knowledge base)
Jarod Chisholm, Managing Partner (NZ) – Tax Advisory, Findex on behalf of TEO
Jarod is the New Zealand Managing Partner of Tax Advisory for Findex/Crowe based in Dunedin. He advises on a wide range of tax matters, including overseas investment issues, business sales and structuring. His main areas of interest include international tax, foreign investments and structuring business operations and sales.
1 CPD Hour
