Is temporarily moving to NZ a viable strategy for avoiding the new CGT rules?
Im an Aussie citizen. I've lived in NZ for several years before. Rented a house, got a job etc. I did my tax return in NZ, didn't have to do one in Aus. Returned 20 years ago.
I've read that if you live in NZ for 183 days, you're a tax resident in NZ. NZ treats capital gains as ordinary income and their tax rate is less than ours and certainly doesn't start at 30%.
Because of the Trans-Tasman agreement, I'm not officially leaving Australia, so don't have to pay the exit tax right?
So if I was to just spend more than half a year each year in NZ, sell whatever Bitcoin I want to liquidate that year while over there, is that a viable way to minimise my tax bill?
I'm certainly not wanting to end up in jail, but if I could minimise my tax by living in middle earth, that seems like a win-win.