New Zealand’s tax on residential property acquired after 1 October 2015, held for less than two years, and which is not an owner’s main home, nor acquired through inheritance or relationship settlement has been enacted in the Taxation (Bright-line Test for...
The Taxation (Bright-line Test for Residential Land) Bill has passed its second reading in Parliament. New Zealand is now a step closer to having a capital gains tax on sales of residential properties which are bought and sold within two years. The test will apply to...
June 2015 has seen a hive of activity by the government with respect to proposed changes to New Zealand’s tax system. Activity included the introduction of two new bills. Here’s a snapshot of the activity that occurred during the month: 30 June: The...
