Can I own property in New Zealand?

A citizen of New Zealand living abroad: Yes. A New Zealand citizen living abroad buys like any citizen. A foreign national: No. Residential land has been sensitive land under the Overseas Investment Act since 2018, so an overseas person cannot buy an existing home. The exceptions: Australian and Singaporean citizens and permanent residents, who are treated as New Zealanders; a new apartment bought off the plans in a development with an exemption certificate, to let, not to live in; and, under a law passed in December 2025 and expected in force in early 2026, a holder of an investor residence visa buying or building a home worth more than NZD 5 million.

Does the rent agreement need registering?

Any bond, of any amount, must be lodged.

Who withholds tax on the rent, and how much?

No withholding at source. Yes. Rent from New Zealand property is New Zealand-source income taxed at the individual rates on net rent after interest, which is fully deductible again from 1 April 2025, rates, insurance, repairs and management; losses are ring-fenced to residential rent.

How does the rent reach me in India?

Needed for the IRD number. Banks open accounts for non-residents with passport and address proof, usually in person or on arrival; the property manager's trust account is the usual landing place meanwhile. No exchange controls and no limit. Banks transfer abroad at their margin. No limit on bringing it back. Income from an LRS investment may be retained and reinvested abroad; if it is not reinvested it must be repatriated within 180 days of receipt. The bank records the purpose as income from property abroad. Dollars move to India by bank transfer with no New Zealand restriction; India has no inbound limit, taxes the rent at slab rates, credits the New Zealand tax through Form 67, and takes Schedule FA disclosure.

Renting out property in New Zealand while living in India

New Zealand's rules for a landlord living in India: ownership, the rent agreement, who withholds tax, and how the rent reaches you.

General information, not legal or tax advice. Rules change and your situation may differ. Check the sources on this page and confirm with a lawyer or accountant in the country before you act.

Desk research Last reviewed 1 October 2026 Report an inaccuracy

The short answers

Can I own property in New Zealand?: A citizen of New Zealand living abroad: Yes. A New Zealand citizen living abroad buys like any citizen.; A foreign national: No. Residential land has been sensitive land under the Overseas Investment Act since 2018, so an overseas person cannot buy an existing home. The exceptions: Australian and Singaporean citizens and permanent residents, who are treated as New Zealanders; a new apartment bought off the plans in a development with an exemption certificate, to let, not to live in; and, under a law passed in December 2025 and expected in force in early 2026, a holder of an investor residence visa buying or building a home worth more than NZD 5 million.
Does the rent agreement need registering?: Any bond, of any amount, must be lodged.
Who withholds tax on the rent, and how much?: No withholding at source. Yes. Rent from New Zealand property is New Zealand-source income taxed at the individual rates on net rent after interest, which is fully deductible again from 1 April 2025, rates, insurance, repairs and management; losses are ring-fenced to residential rent.
How does the rent reach me in India?: Needed for the IRD number. Banks open accounts for non-residents with passport and address proof, usually in person or on arrival; the property manager's trust account is the usual landing place meanwhile.; No exchange controls and no limit. Banks transfer abroad at their margin.; No limit on bringing it back. Income from an LRS investment may be retained and reinvested abroad; if it is not reinvested it must be repatriated within 180 days of receipt. The bank records the purpose as income from property abroad.; Dollars move to India by bank transfer with no New Zealand restriction; India has no inbound limit, taxes the rent at slab rates, credits the New Zealand tax through Form 67, and takes Schedule FA disclosure.

Renting out property in New Zealand

What applies because the property is in New Zealand, whoever owns it.

Who may own residential property

Who may own residential property, by audience
Citizens living in the country	Allowed Anywhere.
Residents of any nationality	With conditions A holder of a residence-class visa who has lived in New Zealand for twelve months, was present 183 days in the last year and is a tax resident is not an overseas person and buys freely; a work or student visa holder is an overseas person and cannot buy a home.
Citizens living abroad	Allowed A New Zealand citizen living abroad buys like any citizen.
Foreign nationals living abroad	Not allowed Residential land has been sensitive land under the Overseas Investment Act since 2018, so an overseas person cannot buy an existing home. The exceptions: Australian and Singaporean citizens and permanent residents, who are treated as New Zealanders; a new apartment bought off the plans in a development with an exemption certificate, to let, not to live in; and, under a law passed in December 2025 and expected in force in early 2026, a holder of an investor residence visa buying or building a home worth more than NZD 5 million.

Letting it out from abroad

May a non-resident owner let it: Yes, once lawfully owned, with no permit and no residency. Since 1 July 2025 every rental must meet the healthy homes standards for heating, insulation, ventilation, moisture and draughts.
Licences, permits, landlord registration: None for a long-term let. Short-term letting falls under council rules.
Local agent or representative: No, but a landlord living abroad must name an agent in New Zealand for the tenancy under the Residential Tenancies Act, and the lodged bond, the Tribunal and inspections all assume one.

The rent agreement

Written agreement required: Yes. The Residential Tenancies Act requires a written agreement signed by both parties, with the tenant given a copy before the tenancy starts and the statutory information attached.
Mandatory standard form: Tenancy Services' residential tenancy agreement, which most landlords use; the Act implies its terms into any agreement that leaves them out.
Language: English.
Registry: None for the agreement. The bond is lodged with Tenancy Services, a government service, and the bond record is the closest thing to a registry.
When registration is required: Any bond, of any amount, must be lodged.
Who registers: The landlord, within 23 working days of receiving the bond, online with the signed bond lodgement form.
Registration cost: None.
If it is not registered: A Tenancy Tribunal penalty of up to NZD 1,000 for a bond not lodged in time, and the bond is still owed to the tenant.
Stamp duty: None.
Notarisation and witnesses: Not applicable
E-signature: Valid under the Contract and Commercial Law Act 2017 where the other party consents and the method reliably identifies the signer; platform signatures are standard for tenancy agreements and bond forms.
The usual term: Periodic, or a fixed term of a year that becomes periodic at the end unless either side gives notice.

Rules the agreement must respect

Deposit: A bond of at most four weeks' rent, lodged with Tenancy Services within 23 working days and refunded by them on a signed refund form or a Tribunal order.
Rent increases: Once every twelve months on a periodic tenancy, with 60 days' written notice; a fixed term increases only if the agreement says so.
Notice periods: Since 30 January 2025 a landlord may end a periodic tenancy with 90 days' notice for no stated reason, or 42 days on the listed grounds such as sale or the owner moving in; a tenant gives 21 days.
Disputes: The Tenancy Tribunal, with mediation first through Tenancy Services; self-help eviction is unlawful.
Mandatory disclosures: A healthy homes compliance statement, the insurance excess if the landlord is insured, and the required Tenancy Services information with the agreement.

Tax when the landlord lives abroad

Is the rent taxed here: Yes. Rent from New Zealand property is New Zealand-source income taxed at the individual rates on net rent after interest, which is fully deductible again from 1 April 2025, rates, insurance, repairs and management; losses are ring-fenced to residential rent.
Withholding at source: No
Withholding rate: Not applicable
Who withholds: Not applicable
What the tenant must register: Not applicable
How to reduce it: Not applicable
Filing and tax ID: A non-resident return, the IR3NR, by 7 July each year with an IRD number; an offshore person must hold a New Zealand bank account before Inland Revenue will issue the number. A sale within two years of purchase is taxed under the bright-line test.
VAT or GST on rent: None. Residential rent is exempt from GST.
Municipal and housing fees: Council rates, set and billed by the local council to the owner each year, plus any body corporate levy.

Money inside the country

How tenants pay: Automatic payment or bank transfer in dollars.
Currency of rent: NZD
Bank account for a non-resident owner: Needed for the IRD number. Banks open accounts for non-residents with passport and address proof, usually in person or on arrival; the property manager's trust account is the usual landing place meanwhile.
Paying rent to an overseas account: Allowed. Nothing requires a local account, though the IRD number does.
Taking rent out of the country: No exchange controls and no limit. Banks transfer abroad at their margin.

Living in India

What India asks of its residents who own and let property abroad.

Owning property abroad from here

Buying abroad: Allowed under the Liberalised Remittance Scheme: up to USD 250,000 per person per financial year, which relatives may pool for one property. Also by inheritance, by gift from a resident who owned it lawfully, or from income already held abroad.
Reporting foreign assets and accounts: Every resident reports foreign property, accounts and the income from them in Schedule FA of the annual return, with the rent itself in Schedule FSI. Leaving it out is penalised under the black money law.
Tax at home on foreign rent: Residents are taxed on worldwide income, so foreign rent is taxed in India at slab rates after the standard deduction. Tax paid abroad is credited through Form 67, filed before the return, under the treaty with that country or unilaterally where there is none.
Bringing rent home: No limit on bringing it back. Income from an LRS investment may be retained and reinvested abroad; if it is not reinvested it must be repatriated within 180 days of receipt. The bank records the purpose as income from property abroad.
Digital identity for e-signing: Aadhaar eSign signs any Indian document and a growing number of foreign platforms accept it. Where it is not accepted, a certificate-based digital signature from an Indian certifying authority, or the foreign platform's own e-signature, does the job.

Between India and New Zealand

What applies to this pair of countries in particular.

Tax treaty between the two countries: Yes
Withholding under the treaty: Not applicable: New Zealand withholds nothing on rent. The landlord files an IR3NR at New Zealand rates; India taxes the same rent at slab rates and credits the New Zealand tax through Form 67.
The usual vehicle for this corridor: For most Indians, a new apartment off the plans in an exempted development, bought under the Liberalised Remittance Scheme; an existing home is closed to an overseas person. A New Zealand bank account, an IRD number, a property manager.
Banking blocks: The purchase itself: an overseas person cannot buy an existing house, and the IRD number waits on a New Zealand bank account.
Typical remittance route and cost: Dollars move to India by bank transfer with no New Zealand restriction; India has no inbound limit, taxes the rent at slab rates, credits the New Zealand tax through Form 67, and takes Schedule FA disclosure.
What most people do: Buy a new-build to let, use a manager who lodges the bond and handles the Tribunal, file the IR3NR each year, and declare the rent and the account in India.

Sources

Land Information New Zealand: exemptions from the need for Overseas Investment Office consent — www.linz.govt.nz
Land Information New Zealand: overseas investment guidance — www.linz.govt.nz
Tenancy Services: tenancy agreements — www.tenancy.govt.nz
Tenancy Services: lodging a bond — www.tenancy.govt.nz
Tenancy Services: ending a tenancy — www.tenancy.govt.nz
Tenancy Services: healthy homes compliance — www.tenancy.govt.nz
Ministry of Housing and Urban Development: the Residential Tenancies Amendment Act 2024 — www.hud.govt.nz
Inland Revenue: non-residents renting out New Zealand residential property — www.ird.govt.nz
Inland Revenue: tax for non-resident taxpayers — www.ird.govt.nz
Inland Revenue: residential property interest limitation rules — www.ird.govt.nz
Inland Revenue: the bright-line test — www.ird.govt.nz
Inland Revenue: New Zealand tax residents and double tax agreements — www.ird.govt.nz
Ministry of Foreign Affairs and Trade: overview of sanctions against Russia — www.mfat.govt.nz
RBI Master Direction: Acquisition and Transfer of Immovable Property under FEMA — www.rbi.org.in
Ministry of External Affairs: acquisition and transfer of immovable property in India by NRIs and OCIs — www.mea.gov.in
RBI FAQ: Accounts in India by Non-residents (NRE, NRO, current income) — www.rbi.org.in
RBI FAQ: Remittance of Assets (the USD 1 million limit) — www.rbi.org.in
RBI FAQ: Liberalised Remittance Scheme — www.rbi.org.in
RBI FAQ: Purchase of immovable property outside India — www.rbi.org.in
Income Tax Department: TDS rates, including section 195 for non-residents — www.incometaxindia.gov.in
Income Tax Department: Form 13, certificate under section 197 for a lower or nil rate — www.incometaxindia.gov.in
Income Tax Department: Form 15CA, remittance to a non-resident — www.incometaxindia.gov.in
Income Tax e-filing portal: Form 67 FAQ, foreign tax credit — www.incometax.gov.in
Income Tax e-filing portal: guide to Schedules FA, FSI and TR — www.incometax.gov.in
The Registration Act, 1908 (Delhi Revenue Department copy), section 17 on leases — revenue.delhi.gov.in
MeitY: The Information Technology Act, 2000 (sections 3, 3A and 10A) — www.meity.gov.in
UIDAI: enrolment and update, who may enrol — uidai.gov.in
UIDAI: NRI Aadhaar enrolment — uidai.gov.in
PIB: Model Tenancy Act, states that have adopted it (25 July 2022) — www.pib.gov.in
PIB: draft Model Tenancy Act, the security deposit cap (11 July 2019) — www.pib.gov.in
StockHolding e-Stamping, the Central Record Keeping Agency — www.shcilestamp.com
IGR Maharashtra: leave and licence e-registration and stamp duty — igrmaharashtra.gov.in
GST Council: Notification 12/2017-Central Tax (Rate), exemption for residential dwellings — gstcouncil.gov.in
CBIC: Notification 04/2022-Central Tax (Rate), renting to a registered person — cbic-gst.gov.in
Controller of Certifying Authorities: digital signature certificates — cca.gov.in
Delhi Police: citizen services, including tenant registration — delhipolice.gov.in