We are coming over in Feb and thought we had all the tax situation sorted out. According to the NZ govt website from April 2006 there is a tax exemption on most monies brought into the country for all new immigrants. This lasts for 4 years. http://www.ird.govt.nz/yoursituation...reign-inc.html
However we have now been put in touch with an accountant in NZ who informs us that this is not the case. He reckons that anything we bring in over $27,000 we will have to pay 25% tax.
I am certain he is wrong if you go by what the nz revenue site says.
He says the only way around this is to put the money into trust which he can arrange. I smell a rat here and reckon he is trying to make a fast buck.
We have emailed inland rev nz but are still awaiting a reply.
Has anyone else experienced this. If it is true then the revenue website is very misleading
Caroline and Dave