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Are you a US citizen who recently migrated to New Zealand or are thinking of doing so?
Time to read: 3 mins
The New Zealand government is proposing changes to our country’s Foreign Investment Fund (FIF) rules and this one could be big news for you: The opportunity to reduce the current risk of double taxation.
The proposed changes, which aim to address our most onerous FIF tax rules, were announced last week with an Inland Revenue fact sheet that details proposed introduction of a revenue account method for some migrants and investments.
While US migrants would be a notable beneficiary, the amendments would also apply to returning Kiwis and other recent or would-be migrants to New Zealand if they have FIF income from investments in unlisted entities (e.g. start-ups and shares obtained from employee share schemes before becoming New Zealand tax residents).
Further to our 17 December 2025 FIF article, here are the key points to note in the new fact sheet:
The proposed changes are expected to be included in the 2025 tax bill, with the first reading expected in August. It is worth noting tax bills are usually not passed until March, which means we will not know the full shape of these rules until March 2026.
This is just the framework of the proposals and details are currently scarce, but it will be very relevant to US people who are thinking of migrating to New Zealand. Our tax team is happy to provide further advice on what this could mean for individuals, noting that the rules are not yet law.
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