Individual income tax
Sold or thinking of selling property you purchased "off the plan"? IR368
(published November 2009)
About this guide
If you've sold or are thinking of selling property you purchased "off the plan", especially before taking possession, you may have to pay income tax. This guide explains the tax issues to consider if you want to sell property you purchased off the plan.
Adobe Acrobat PDF | 168kb | 6 pages
When to use this guide
Use this guide if you are thinking of selling property you have purchased off the plan.
This guide is primarily aimed at individuals. If you are a builder, developer or dealer you should talk to your tax professional as different rules may apply.
What you will need