Responsive. Engaging. Resolving.
Don’t gamble when it comes to your taxes – call us today.
Whatever your tax issue, we will resolve it.
We have relocated back to the Citigroup Centre at 23 Customs St East, Auckland.
Our offices are open: Mon – Fri 0800 – 1800
Sat 0800 – 1500 by appointment
Work with us and enjoy the NZ US tax difference: experience, expertise, excellence.
Q & A with our Experts
We purchased our home in New Zealand and have just sold it and repaid our mortgage. With respect to the repayment of the mortgage are there any US tax implications we need to be concerned about?
No. Whilst certain foreign currency-denominated debt instruments are subject to Internal Revenue Code provisions requiring foreign currency gain and/or losses to be recognized as ordinary income, the disposition of a foreign financial instrument by an individual, provided the instrument was acquired for personal use, will not give rise to recognizable foreign currency gain or loss on disposition.
What our Clients Say
Kiwis with US-sourced income and Yankees resident or working in New Zealand have a lot in common: dual taxation. The two countries’ taxation systems are quite dissimilar and that which is taxable in one jurisdiction may or not be in the other – to say nothing of foreign bank reporting requirements. Anyone who has faced these issues knows that working with and through them successfully is not for the faint-hearted. Happily, this is the space in which NZ-US Tax Specialists thrives. Their personal service is unmatched in my New Zealand experience, and their knowledge, far-sightedness, and thoroughly professional approach to clients’ needs give me cause to recommend them unreservedly.
Dr WE Dunn, Takapuna. 1 May 2019