New Zealand has both extinct and dormant volcanoes and is overdue for an eruption. By Gina Gatchell, Director With enough rumblings to cause a volcanic eruption, the capital gains tax debate is currently raging in New Zealand. The bonfire was ignited after the Tax...
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...
New Zealand, unlike Australia, the United States and the United Kingdom, does not have a full-blown capital gains tax (CGT) regime. Increasing pressure is being put on New Zealand’s Prime Minister and leader of the country’s centre-right government, John...
