Budget: Will the Govt address the quasi-wealth tax many investors don't realise they're paying?

PremiumJenée TibshraenyWellington Business Editor·NZ Herald·27 May, 2026 05:00 PM4 mins to read‌Prime Minister Christopher Luxon and Revenue Minister Simon Watts are expected to unveil technical tax changes in the Budget. Photo / Mark MitchellAccountants are hopeful the Government will use the Budget to do something about the quasi-wealth tax those with offshore investments are currently paying.

As it stands, most people with more than $50,000 directly invested in assets offshore, including shares in companies listed on stock exchanges, need to pay tax on