Check if you have to pay tax on a property you have bought and resold at a profit
Read the question and case study example below and select the link that matches your answer.
Prospect of resale
| Answer "Yes" or "No" to this question | ||
|---|---|---|
| Was one of your reasons for buying the property to resell it at a profit? |
|
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Case study example
Paul's friend Tom is looking for a property in Avondale. Paul finds a property that he knows Tom will like and buys it with the hope of selling it to him at a profit.
Paul bought the property with the intention of reselling it.
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Find out more
Read the IR313 your guide to find out what you need to know about your tax obligations when buying and selling residential property.
Date published: 30 Jul 2010
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