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Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. 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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