In recent years, there have been many expats returning to New Zealand. It is also commonplace for younger generations to look offshore for better work opportunities, which may ultimately result in them settling overseas.

The implications on the structures of New Zealanders migrating offshore can be costly if not well managed/planned for.  It is critical to understand the tax impact that a move can have and the tax impact of the country they wish to reside in.

For example, any beneficiary of a New Zealand trust living in Australia could have significant tax issues to deal with. As could a New Zealand trust with beneficiaries offshore, in particular Australia.

This course will look at the potential risk areas that need to be considered prior to and following departure, and also will look at some of the more common jurisdictions and the implications of these from a New Zealand tax perspective.

Upon satisfactory completion of this activity you will be able to:

• Understand more clearly the tax risks to be considered when leaving New Zealand
• Appreciate the likely New Zealand tax implications a departure will have on other entities

Suited to:

Middle to senior accountants or anyone advising clients overseas

Duration: 1.00 CPD hours (55 mins plus 5 mins Q&A)

PRESENTER

Jarod Chisholm, Managing Partner (NZ) Tax Advisory, Findex/Crowe

Jarod is the New Zealand Managing Partner of Tax Advisory for Findex/Crowe based in Dunedin and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in “Big 4” firms in Australia and New Zealand in the tax domain, and working for large corporates as a management accountant.

Jarod is recognised as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.