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relocation tax break

relocation tax break

Old Oct 10th 2006, 11:58 am
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Default relocation tax break

Could anyone tell me if the cost of relocation can be written off against either UK tax on the way out - or NZ tax on the way in? - or both??
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Old Oct 10th 2006, 12:54 pm
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Default Re: relocation tax break

Originally Posted by Professional_Gypsy
Could anyone tell me if the cost of relocation can be written off against either UK tax on the way out - or NZ tax on the way in? - or both??

Jeez,wish I could help-but I just don't understand the question. I'll go for yes. It's a guess,but I'm normally lucky.
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Old Oct 10th 2006, 3:40 pm
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Default Re: relocation tax break

well - as far as I know, immigrants to the UK can offset from their taxable income their relocation expenses. So was wondering if NZ do the same for their immigrants - or if I can offset my relocation expenses to NZ from this years UK tax.
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Old Oct 11th 2006, 12:04 am
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Default Re: relocation tax break

Originally Posted by Professional_Gypsy
well - as far as I know, immigrants to the UK can offset from their taxable income their relocation expenses. So was wondering if NZ do the same for their immigrants - or if I can offset my relocation expenses to NZ from this years UK tax.
mmm...would also be interested in this as it now seems that I am due to move into penury.....
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Old Oct 11th 2006, 7:49 am
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Default Re: relocation tax break

This is information Ive found on HM Customs website
What if I move to or from the UK?

The same rules apply to any help you get from your employer if you are coming to work in the UK from abroad, or moving to work abroad from the UK. You are entitled to the £8,000 exemption in the usual way.
If you are not domiciled in the UK and you came to work here after living abroad, in addition to the £8,000 relocation exemption, you are entitled to two further tax reliefs.

* You are entitled to a tax deduction for all your travel costs between the UK and your home abroad which are paid for by your employer, for up to five years, providing certain conditions are met.
* If you are in the UK for 60 or more consecutive days, your employer can pay for your spouse and children to visit you or to travel with you to and from the UK - up to two trips a year for up to five years.

Broadly, you are domiciled in the country where you have your permanent home. This is explained in more detail in Residents and non- residents. Liability to tax in the United Kingdom.

There are also special rules on travelling expenses for people going to work abroad. If you qualify under these rules, you can get tax relief for your travelling expenses as well as the £8,000 relocation exemption. For more details, contact your Tax Office.
There is some examples shown too. I guess NZ tax breaks would be similar?
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Old Oct 11th 2006, 8:32 am
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Default Re: relocation tax break

Originally Posted by Professional_Gypsy
This is information Ive found on HM Customs website


There is some examples shown too. I guess NZ tax breaks would be similar?
I would be very surprised if this existed in NZ... have you done a search of http://www.ird.govt.nz/?
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Old Oct 11th 2006, 11:09 am
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Default Re: relocation tax break

Originally Posted by Apple12
I would be very surprised if this existed in NZ... have you done a search of http://www.ird.govt.nz/?
so I would have to pay tax on the relocation expenses my potential employer pays on my behalf so that I can move to NZ?
sounds a bit crazy - in the UK you get relief on the moving expenses for changing job/area - eg stamp duty, removals, temp accom. - surely that is the same in NZ??
will check it out......
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Old Oct 11th 2006, 6:17 pm
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Default Re: relocation tax break

Originally Posted by lardyl
so I would have to pay tax on the relocation expenses my potential employer pays on my behalf so that I can move to NZ?
sounds a bit crazy - in the UK you get relief on the moving expenses for changing job/area - eg stamp duty, removals, temp accom. - surely that is the same in NZ??
will check it out......
Errrm as far as I know, yes you do have to pay tax on the above.

Different countries, different rules.

As before, unless there is an expert lurking on these boards, it might pay to search the website directly, and/or call the NZ ird to get confirmation.
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