Hey JR, many thanks for posting that link; it does indeed look like a very helpful forum (rather like this esteemed place, what what?). As a UK landlord I've had my fair share of 'issues' over the years and I wish I'd known about it before.JR8 wrote:Here is a UK forum that has been of immense use to me over the years, in fact why not pose your question there* and see if anyone can help, they are a genuinely helpful bunch.
http://boards.fool.co.uk/property-inves ... d=12618450
USD$92,000 (adjusted up slightly every year). North Korea and Russia also have similar rules. (Some company, eh?)nzmarkj wrote: The only other country that has a similar point of view is the US: if you are a US citizen (or greencard holder) you are taxed in the US no matter where you are in the world. They do give you a tax free allowance of (I think) the first $75,000. NZ gives no such concession.
zzm9980 wrote:USD$92,000 (adjusted up slightly every year). North Korea and Russia also have similar rules. (Some company, eh?)nzmarkj wrote: The only other country that has a similar point of view is the US: if you are a US citizen (or greencard holder) you are taxed in the US no matter where you are in the world. They do give you a tax free allowance of (I think) the first $75,000. NZ gives no such concession.
It does sound like at least for NZ, it is easier to get out of. All you have to do is prove you don't have an enduring relationship. For the US, you must give up your green card or renounce your citizenship. Renouncing your citizenship can in some cases lead to a one-time tax bill on all of your net assets as income valued as if you were to liquidate them at that time. Google for "Eduardo Saverin US tax" for plenty of recent coverage on this; he is one of the Facebook founders who gave up his US Citizenship and there was drama over whether it was just to avoid US taxes.
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