New Zealand: Temporary Tax Exemption

[FixieHartmann]

https://www.ird.govt.nz/roles/nz-tax-residents/exemption
What do you think? It is quite hard to get a long-term visa for NZ but besides that it could be an interesting option to cash out crypto gains in a high reputation jurisdiction?

 

[LiquiditySplash]

What makes you think that cashing out crypto gains would count as foreign income?

 

[FixieHartmann]

Well, the only income that is not exempt is

- Foreign-sourced employment income.
- Foreign-sourced income relating to services.
Click to expand...

So I would assume that you could put the crypto into a company (e.g. US LLC or UK LLP), sell it and pay yourself a dividend.

 

[oznomad]

@FixieHartmann where is your current tax residency? I've heard of some Aussie residents trying this but caught out by draconian Australian tax residency rules.