New Aussie tax rules affect Kiwi investors
Business advisory firm Crowe Horwath is warning that the hard line Australian authorities have adopted on tax mitigation strategies in the global economy could filter down to New Zealand investors.
Crowe Horwath managing tax advisory principal Scott Mason said the Australians have an increasing focus on foreign ownership of property – and it extends to all non-Australians.
For this reason, the Lucky Country has recently introduced two significant tax changes aimed at foreign property owners.
First up, there is draft withholding tax legislation in the works.
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