Name of agreement | Land transfer transaction tax information |
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Agency data share is with | Land Information NZ |
MoU title | Exchange of information for the purposes set out in section 86 of the Land Transfer Act 2017. |
Agency using the data | Inland Revenue |
Purpose | LINZ provides Inland Revenue with information collected from tax statements completed by buyers and sellers of property to enable Inland Revenue to assess tax obligations with regards to the sale of property. |
Data exchanged |
LINZ provide Inland Revenue with details from land transfer transaction tax statements which may include:
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Legal authority | Section 18H, and Schedule 7, part C, clause 31 of the Tax Administration Act 1994 and sections 82 and 86 of the Land Transfer Act 2017 |