New Zealand has introduced a capital gains tax on properties

The New Zealand's government will tighten tax rules on residential property profit taking for investors, including foreigners.

From October 1, gains on residential property sold within two years of purchase will be taxed unless it is the seller's main home, inherited from a deceased estate or transferred as part of a relationship property settlement.

The Finance Minister Bill English said non-resident buyers must have a New Zealand bank account and Inland Revenue tax identification number.
 
New Zealand introduces a CGT

Well I nuver thought ut wood huppen. Nuw Zuuland has announced a cupital gains tux. But its not a capital gains tax !! The new rule seeks to tax a property sale within two years that usn't owner occupied wuth general income tux at around 33%.

Eh Bro a new 2 year rule will impose a 33% tax on sum properties sold wuthin 2 years of uckwisition. Seems there has been a degree of flupping and people think of this as a capital gains and aren't paying their tuxes. A few execptions such as unherited estates. Also foreign univestors must quote an IRD file number to buy real estate.

http://www.businessinsider.com.au/n...rty-to-curb-its-rampant-housing-market-2015-5

Translation for aussies : NZ will impose a 33% tax on properties sold within 2 years under general principles of income tax and also require all foreign buyers to quote a tax file number. Of course the IRD and ATO datashare aussie owned NZ property already.

Sweet aus, ay.
 
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