What is the bright-line test? From 1 October 2015, if you buy and sell a residential property within two years, this test is used to determine if you are required to pay tax on the profit. The test does not apply commercial property or farms. Why was the bright-line test introduced? Some would suggest as a […]
Tag Archives | Rental Property
Tax & Property Transactions
Property is a complex area of tax law and it pays to be well-informed. New Zealand does not have a capital gain tax as such. However, gain from the sale of real property (land & buildings) and personal property (including shares) where the property is acquired for the purpose of resale, or as part of a […]
