New Zealand HNW probe ignites fears of new inheritance tax

Mark Battersby
clock • 2 min read

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 Minter Ellison Rudd Watts. It further cited comments by the OECD that there are strong fairness argu...

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?