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UK Migrants Receiving Nasty Surprise From Inland Revenue

We are getting phone calls from a number of British migrants who moved to New Zealand prior to 31 March 2014 and took their British pension funds with them.

Those taxpayers who have decided to try out the warmer shores of Australia and are starting to receive letters from New Zealand’s Inland Revenue Department.

Some New Zealand Fines Are Tax-Deductible

Some New Zealand Fines Are Tax-Deductible

While preparing New Zealand income tax and GST returns we are noticing a tendency for clients to claim a tax deduction for parking fines, late fees charged by the New Zealand Companies Office and the like.

Unfortunately, the tax rules ensure you do not get a benefit from being naughty.