Hi people, I've been reading a lot in interest.co.nz lately about IRD contacting New Zealanders who have bank accounts or investments overseas and haven't declared any international income on their NZ tax returns.
This may be a very silly question, but I have a tiny shareholding in the UK, left over from when I lived there for a few years, long ago (I'm a Kiwi BTW). I haven't sold the shares, mainly because it's a hassle and expense to do so from NZ. The shares earn less than NZ$200 in dividends each year, which are paid into my old UK bank account.
Does this piddly income have to be declared and the appropriate paperwork done? Someone recently told me that IRD are only interested if you're earning $50K or more from overseas investments, but I'm not sure if that's true.
Thanks in advance.
This may be a very silly question, but I have a tiny shareholding in the UK, left over from when I lived there for a few years, long ago (I'm a Kiwi BTW). I haven't sold the shares, mainly because it's a hassle and expense to do so from NZ. The shares earn less than NZ$200 in dividends each year, which are paid into my old UK bank account.
Does this piddly income have to be declared and the appropriate paperwork done? Someone recently told me that IRD are only interested if you're earning $50K or more from overseas investments, but I'm not sure if that's true.
Thanks in advance.
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