Residential Sales

Main Home Exemption A person is entitled to an exemption from the Bright Line Test if they are disposing of their main home. To qualify for this exemption the land must have predominantly been [...]

Land Information New Zealand is also required to collect information when people buy, sell or transfer property.  The information will be passed to Inland Revenue to follow up on those who have [...]

As your conveyancing solicitor, the Inland Revenue Department now requires us to withhold tax payable from the sale proceeds and pay this sum to the Inland Revenue Department in some [...]

Inland Revenue now requires income tax to be paid on any gains from residential property that is disposed of within two years of acquisition.  This is known as the bright-line test. The two year [...]