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30 Aug 2018
The Overseas Investment Amendment Bill has been passed into law by the New Zealand Government. The new law comes into effect on 22 October 2018, and restricts certain overseas people from buying residential land in New Zealand from that date.
Full Article11 Jul 2018
The Bright-Line Test, introduced into New Zealand’s tax legislation in October 2015, has been described by a number of commentators as a quasi-Capital Gains Tax on land. The rules were intended to slow speculation by investors and take some heat out of the property market.
Full Article10 Jul 2018
Since October 2015 the Bright-Line Test has imposed a new tax on gains made from the sale of residential property. Before you sell your property, particularly an investment property, you should consider the tax consequences of selling.
Full Article