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Junior Member
If I invest in a PIE, but live overseas, do I get taxed twice - ie with NRWT?
Hello,
I'm trying to take some control of my own investment decisions as I want to learn how to do it, and to avoid paying an advisor. I'm interested in index funds, those available through Smartshares (through ASB). However, I do not live in NZ, and am subject to NRWT. I've read that the PIE funds deduct tax at 28%(or 33%?), but then I am also liable for NRWT.
Can someone give some clarity on this? Is anyone in a similar position?
Thanks,
KL
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Last edited by 777; 24-07-2017 at 08:24 AM.
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Junior Member
Thanks for the tips. If I was going to be a Notified Foreign Investor, would I notify Smartshares? Sorry, beginner at this.
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You could ask them what they require and then ask them how to go about it.
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