Buying and selling residential property

If you're buying residential property, make sure you know what your tax obligations will be when you come to sell the property.

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When you buy and sell As a general rule, if you're purchasing property with the intention of selling it, you will probably have tax to pay on any profit you make.
My buying or selling situation If you're buying residential property, make sure you know what your tax obligations will be when you come to sell the property.
The bright-line property rule The bright-line property rule means if you sell residential property within a certain timeframe you might have to pay income tax on any profit.
Property and associated persons If you are associated with property dealers, developers or builders - you are an associated person and may have to pay tax on all your property sales.
GST and residential property GST is a tax on the supply of most goods and services in New Zealand. GST can apply to people who buy and sell property.
Income tax filing and property sales Before you pay the income tax you owe on your property sale, you’ll need to complete an income tax return.
Keeping records when buying a second property Detailed information about the records you need to keep.
Residential land withholding tax You may be liable to pay residential land withholding tax (RLWT) on a sale of a residential property.

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Te hoko mai me te hoko atu i ngā whare Buying and selling residential property