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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

Generally, any profit you make on the sale of a holiday home is taxable when you:

  • bought the property and you had a firm intention to sell it
  • have a history of buying and selling
  • sell it within the applicable bright-line period
  • or a person you're associated with are in the business of property dealing, developing or building and the propertry was bought for the business.

As it's your holiday home, it's not likely to meet the criteria to be considered your main home under the bright-line test, so will not be excluded from the rules.

Exclusions to the bright-line rule

Renting out a holiday home

Last updated: 28 Apr 2021
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