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Service changes and updates IR offices, myIR and phone lines (SPK2IR) are unavailable until the morning of Thursday 28 October for planned system maintenance. Find out more

Resurgence Support Payment (RSP) You will not be able to apply for the RSP in myIR until the morning of Thursday 28 October. Businesses affected by the alert level increase that started on 17 August can apply in myIR from 28 October. Applications for a 4th payment round are planned to open on 29 October. Find out more

Resurgence Support Payment (RSP) The government has announced an increase to the amount and frequency of the RSP from 12 November. Find out more

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. In many cases GST is not charged on the sale of a residential property, but it can apply depending if the seller is GST registered and:

  • the sale is part of their GST-registered seller’s business
  • the sale includes both a residence and other property, such as a farm or a shop.

If you’re in the business, or intend to be in the business of buying, selling, developing or building residential properties you may need to register for GST. This may also include if you have a pattern of buying or selling residential properties.

You must register for GST if your annual turnover in the previous 12 months was more than $60,000 (or is likely to be in the next 12 months). Turnover is the total value of supplies made for all your taxable activities, excluding GST. Your turnover must include the sale of any residential propety sold as part of your taxable activities.

If you're buying or selling land make sure you understand the GST rules. Mistakes with GST can be costly and difficult to correct.

We recommend you speak with a tax professional.

Last updated: 28 Apr 2021
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