nsaTax was approached by a couple who came to New Zealand from England in 2005 and had received an IRD risk review letter enquiring about their overseas investments and why they hadn’t returned any overseas income for New Zealand tax purposes. It transpired that they held CFC and FIF interests, had derived UK rental income, directors fees and income from foreign currency denominated financial arrangements. nsaTax arranged for a voluntary disclosure and managed to significantly reduce their New Zealand tax liability.