Des Trigg has kindly provided us with his latest NZ Tax Update, an exclusive for the NZ Society of HKthat covers what to watch withtaxes on NZ Property, as we all start thinking about the safety & security of this asset class while considering pandemics, recessions & national security laws in HK!
Of interest to both the offshore and onshore NZ property investor, Des advises on the importance of your (lack of) NZ tax residency, whether capital gains tax actually exists in NZ or not, and of the possibility of using rental property expenses tooff-set future income.
Join us for a non-partisan pre-NZ election get-together (NZ election on 19 September)! You will be able to wager on both horses and politicians, and decide for yourself which pays the best dividend!
Join the NZ Society to celebrate the night races in Happy Valley in mid-September - one of the most unique and exciting events in the horse racing world.
The NZ Society has secured an exclusive Members' Box for the night races at Happy Valley on Wednesday 16th September.
What: Private Member's Box with sumptuous full buffet & free flow imported beer, wine, spirits, juice, soft drinks, coffee & tea! Accompanied with HK's first NZ General Election trackside electronic polling station!
When: Wednesday 16th September 6.00pm to 11pm - arrive when you want. Where: Happy Valley Racecourse, Private Members' Box. How much: just HK$750 everything included (guests & non-members also welcome!).
This is an unique opportunity to celebrate the resumption of races in HK in exclusive style and comfort. But seats in the private members' box are limited - so hurry! Book your spot at the NZ Society NZ Election Race Evening now above.
You don't have to be anywhere near NZ to vote in this year's NZ election, any NZ citizen or permanent resident can vote, and you can do it all online or, if you're in HK, at the NZ Society HK electronic polling station on 16 September at Happy Valley Racecourse!
Download your voting papers anytime from Wednesday 2 September (downloadable link will be provided by us closer to that date);
Step Three: Send your voting papers in
Upload your voting papers (scans or photos) anytime after 2 September (uploadable link will be provided by us closer to that date); or fax your voting papers to: +64 4 494 2300. Upload or fax your voting papers anytime after you have got them, but by3pm HK Time Saturday 19 September. OPTION 2 (the fun one): Attend the inaugural NZ Society HK electronic polling station for uploading your voting papers on Wednesday 16 September evening at the NZ Pre-Election Races at our Happy Valley Members Box.
Des Trigg has kindly provided us with his latest NZ Tax Update, an exclusive for the NZ Society of HK,that covers foreign (from a NZ perspectve) investments. Freely elected representatives don't necessarily come cheap, and Des Trigg advises us in HK how we can best make sure we don't pay over the odds for them in NZ!
With many thinking that maybe NZ, with its zero community transmission rates, might be where you should be heading to next, Des covers the essential issues that we should think about if we attain (or re-attain) NZ tax residency.
It is an often-over-looked fact that parents can get a refund for all international school fees paid to a school while it has closed for nearly all of this year due to the HKGovernment health measures. Not surprisingly the international schools have not been clear on this, and in many instances have been communicating the opposite to parents.
Additionally, international schools could not charge parents fees for any notice period should parents have decided to not continue with the school while it was closed.
Consequently, the NZ Society is aware that many parents have not obtained the refunds that are due to them. For this reason the NZ Society of HK is providing a free service to assist parents with obtaining their international school fee refunds.
If you are interested in this service, or just interested in knowing more, please email email@example.com
This free service is provided to NZ Society of HK member families who are:
A. New Zealand & Australian parents of students who attend or attended Australian International School Hong Kong; or
B. New Zealand parents of students who attend or attended other International Schools in Hong Kong.
This free international school fee recovery service includes:
Access to the legal opinion provided to the NZ Society of HK by a New Zealand & an Australian lawyer on the liability of international schools where they have charged, and not refunded, school fees for the period that their schools were closed due to the HKGovernment health measures.
Assistance in arranging with the school for a refund, or if necessary, arranging for mediation with the school, and
Assistance with straight-forward legal action to recover school fees (at no cost to parents) if necessary.
Access to resources and research on the liability of international schools in HK if they charged fees for the period of their closure due to the HKGovernment health measures, including related applicability of the recent Ombudsman’s Report on International School Fees issued in January 2020.
It is important, from the perspective of obtaining a timely refund, that parents do not pay further fees to the school until their claim with the school has been resolved.
This free service and your ability to obtain a refund applies whether or not you are in Hong Kong, so please do not delay in contacting us to follow up.