Tag Archives: property tax nz

accountant-1238598_1920

RLWT….WTF??

Thought you were all over the recent tax changes arising from the introduction of the bright line tax (aka capital gains tax)? Then consider this: Debbie is an English citizen but has permanent residence in New Zealand. She has just completed a science degree (IT). Max is a South African citizen and has a work […]

Tax Time

Introduced with effect from 1 October 2015 was the capital gains tax which according to our Prime Minister was not a capital gains tax. However you will be subject to tax in New Zealand if you sold a residential property in New Zealand, within 2 years of acquisition, that was not your “main home” regardless […]

property tax

Update on Residential Land Tax

Where to start? The new data collection requirements and ‘bright line test’ have now been in place for a few months. The new Bright Line Tax applies to all residential property with a house on it in the following instances: • It is acquired after 1 October 2015 and sold within 2 years of acquisition; […]