Buying and selling situations

Learn how tax applies to different buying and selling situations, including inheriting property, relationship property agreements, selling overseas property and subdividing.

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Common buying and selling situations If you’re buying a property in any of these common situations, find out if you will need to pay tax when you eventually sell it.
Inheriting property Generally you do not pay tax when you inherit property, but depending on the circumstances, you may need to pay tax when you sell it.
Selling overseas property If you're a New Zealand tax resident, you pay New Zealand tax on your worldwide income, including income from selling overseas property.
Relationship property agreements If you receive a property as part of a relationship property agreement, you will not pay tax on the property when it's transferred to you. However, you may need to pay tax on any profit when you sell it.
Subdividing and developing property to sell If you subdivide and then sell off a part of your existing section, you only need to pay tax in certain circumstances.