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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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