Julia JohnstonSep 2, 20226 min readGovernment's Controversial Tax Bill UnpackedOn 30 August 2022 the Government released its Taxation (Annual Rates for 2022-23, Platform Economy, and Remedial Matters) Bill (Bill). On...
Julia JohnstonMay 12, 20215 min readThe Family Home Can Still Attract Bright-line TaxChanges to the bright-line test mean properties acquired and then sold within 5 or 10 years, are taxed on the gain.
Julia JohnstonMar 24, 20216 min readThe Bright-Line Test and Main Home Exemption – What You Need To KnowThe new bright-line test extends the bright-line period to 10 years for any existing property acquired on or after 27 March 2021.
Julia JohnstonNov 20, 20203 min readIRD Cracking Down on Property Sales and Bright-Line TestWhile New Zealand does not have a comprehensive capital gains tax, we do have a tax in relation to property known as the bright-line test.