Individual income tax
Thinking of selling your leased apartment? IR498
(published October 2010)
About this guide
If you've bought a leased apartment and are thinking of selling it, you may have to pay GST. This guide explains what it means for an apartment to be zero-rated for GST, and tax issues to consider if you want to sell a zero-rated apartment or change its use.
Adobe Acrobat PDF | 175kb | 5 pages
When to use this guide
Use this guide if you are thinking of selling your leased apartment or changing its use and are unsure if you'll have to pay GST.
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