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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 dealing operation, are subject to income tax at normal rates. Profits on sale of real property may be taxable in other circumstances also.

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