New Zealand HNW probe ignites fears of new inheritance tax

clock • 2 min read
New Zealand HNW probe ignites fears of new inheritance tax

The New Zealand Government has earmarked NZ$5m for its Inland Revenue to review the income and wealth of high-net -worth individuals over two years, which coincides with the next election, prompting speculation that an inheritance tax may be introduced. In the recently released IRD 2021-22 work programme, there is Inland Revenue research work involving the collection of information on the level of tax paid by high wealth individuals, according to a briefing note by New Zealand law firm Min...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login