Property Conveyancing Services Blog

If you are a regular Property Trader or Investor in New Zealand you will more than likely be subject to paying tax on the profit from resale. The Inland Revenue Department will look at your intention. If you have bought and sold properties at regular intervals, they may look at statements made to your Bank [...]

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Do you need to pay tax on a property you have purchased in New Zealand? The Inland Revenue Departments state this depends on your reason or intention at the time you purchased the property. When the IRD decides whether or not you should pay tax on the profit from the sale of the property, intention [...]

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