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Hi No... If you are flipping in NZ the properties are treated as 'trading stock' therefore the profit you make from flipping is treated as income. You are then taxed on this income. Hope this helps D

Hi Fitguy Flips are legal in NZ, but by doing this type of activity you are deemed a trader and will pay income tax on profits accordingly. Capital gains do not apply to long term buy and holds, you will be taxed on fips D