The effects of the Australian housing market may now be felt across the Tasman Sea. New Zealand's Auckland-based tax expert Mukesh Arora (inset) says that investing in New Zealand property, according to him, might not be a way around the Albanese government's recent changes announced in federal budget. Credit: AAP; supplied by Mukesh Arora.
As Australians furiously debate changes to housing taxes, discussion has emerged about whether investors could look to New Zealand for more favourable tax treatments. That's because New Zealand does not impose a broad capital gains tax on investment properties like Australia does. But as cross-border tax advisor Mukesh Arora says, investing in New Zealand might not be the way around the reforms, as some Indian-Australians might think.
As Australians furiously debate changes to housing taxes, discussion has emerged about whether investors could look to New Zealand for more favourable tax treatments. That's because New Zealand does not impose a broad capital gains tax on investment properties like Australia does. But as cross-border tax advisor Mukesh Arora says, investing in New Zealand might not be the way around the reforms, as some Indian-Australians might think.
Disclaimer: Views and information given in this podcast is of general nature. Contact a professional for advice tailored to your specific situation.
