Re: Tax refunds if you arrived in NZ last year
Originally Posted by desmondo84
(Post 11654130)
awsome thanks. I also got chinned with some high tax on my savings account over here coz i didn't enter my IRD so will try and claim that too if I can work out how.
Free money! Your tax refund goes into your myIR account by mid-late June. You then confirm it and they forward it to your nominated account. At least, that's what the lady on the phone said when I phoned the IRD yesterday. I got a text message from the IRD earlier in the week advising me to log into my IR to see if I had a tax refund due. I had forgotten my log in and password so I requested it be e-mailed to me and it was. Later that day I got a letter from the IRD advising that eDocuments are replacing paper statements, notices and letters. Also, if I hadn't used myIR recently here's a reminder of my user ID and e-mail address. Ironic or what ?! |
Re: Tax refunds if you arrived in NZ last year
Originally Posted by MrsFychan
(Post 11654118)
On the safe side fill in the PTS and then they put the money into your account
mmm, tried to select the PTS option but it's only valid if you were resident for the entire tax year, Des |
Re: Tax refunds if you arrived in NZ last year
how odd - ok well give them a ring and they will go through it with you on the phone. make sure you have the details of any interest you may have earned on your bank accounts to hand as they will ask and if you have a joint bank account don't forget to split the interest in half
|
Re: Tax refunds if you arrived in NZ last year
You will have to fill out an IR3 [tax return] if not tax resident for the whole year - you can't do it via a PTS.
It is still fairly simple to do if you register online with the IRD and get them to 'send' one to you online via MyIR. That is where you write in any interest and tax paid and it will all get added together along with your salary. Your refund can be credited straight into your bank account if you choose. :) |
Re: Tax refunds if you arrived in NZ last year
If you arrive mid year (all income pensions, no paye) do you fill out both a uk and a nz return declaring the income for the relevant part year or?
|
Re: Tax refunds if you arrived in NZ last year
Despite being shouted down by assorted tax 'experts' on the need for this. I submitted a UK tax return for residual UK income (a reasonable refund) and a NZ return for NZ income since arrival (a reasonable credit) so all is sweet.
|
Re: Tax refunds if you arrived in NZ last year
Originally Posted by Kotare
(Post 11985734)
Despite being shouted down by assorted tax 'experts' on the need for this. I submitted a UK tax return for residual UK income (a reasonable refund) and a NZ return for NZ income since arrival (a reasonable credit) so all is sweet.
|
Re: Tax refunds if you arrived in NZ last year
Originally Posted by Kotare
(Post 11985734)
Despite being shouted down by assorted tax 'experts' on the need for this. I submitted a UK tax return for residual UK income (a reasonable refund) and a NZ return for NZ income since arrival (a reasonable credit) so all is sweet.
I thought the reason you could get a refund for leaving the UK part way through the year is that they assume NZ will be taxing you for that tax year. So how can you also get a refund from IRD for that same tax year? I arrived in NZ last September and got a few thousand back from HMRC. I haven't tried applying for an NZ tax refund for the 2015-16 tax year yet, but would like to know if I can |
Re: Tax refunds if you arrived in NZ last year
Originally Posted by poppy10
(Post 12052916)
Doesn't that fall afoul of the double taxation arrangements?
I thought the reason you could get a refund for leaving the UK part way through the year is that they assume NZ will be taxing you for that tax year. So how can you also get a refund from IRD for that same tax year? I arrived in NZ last September and got a few thousand back from HMRC. I haven't tried applying for an NZ tax refund for the 2015-16 tax year yet, but would like to know if I can |
Re: Tax refunds if you arrived in NZ last year
Originally Posted by poppy10
(Post 12052916)
Doesn't that fall afoul of the double taxation arrangements?
I thought the reason you could get a refund for leaving the UK part way through the year is that they assume NZ will be taxing you for that tax year. So how can you also get a refund from IRD for that same tax year? I arrived in NZ last September and got a few thousand back from HMRC. I haven't tried applying for an NZ tax refund for the 2015-16 tax year yet, but would like to know if I can |
Re: Tax refunds if you arrived in NZ last year
Originally Posted by poppy10
(Post 12052916)
I arrived in NZ last September and got a few thousand back from HMRC. I haven't tried applying for an NZ tax refund for the 2015-16 tax year yet, but would like to know if I can
|
Re: Tax refunds if you arrived in NZ last year
I've just joined this forum and dropped into this thread & I'm so glad I did as it hadn't occurred to me I might be eligible for a tax rebate.
I arrived in NZ Dec 2014 but didn't get a work visa / start work until June 2015. I assume I should apply for a tax rebate for the tax year of 2015/16? |
Re: Tax refunds if you arrived in NZ last year
If I have it right. You should be applying for a UK tax rebate for the 2014/15 tax year. You should get a rebate if you didn't work Dec to Mar.
For 2015\16 year you should complete an NZ IR3 on which you declare any UK income (if any) and they will credit any UK tax paid. Sounds more complex than it is. This may also give you a rebate. |
Re: Tax refunds if you arrived in NZ last year
My accountant said it's better to wait until the end of the tax year? Something to do with tax credits. Anyone else get this?
|
All times are GMT. The time now is 2:56 am. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.