Land Purchases by Non Residents.

Land Purchases by Non Residents.

Non residents should be free to buy NZ land as they currently are, with one major addition. In buying land here a non resident will become a resident for tax purposes, and pay tax on their world wide income as NZ tax residents do. There would need to be look through provisions to counter avoidance, but this is doable. Failure to file a tax return in NZ after a period of time would result in a caveat being placed on the land as a start with increasing penalties from there.