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Offices closed All Inland Revenue offices are currently closed to the public to help limit the spread of COVID-19.

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You pay tax on any profit you make when you sell the property, depending on:

  • if you purchased the property with the intention of resale
  • your have a history of buying and selling
  • you are a property dealer, developer or builder or associated to one
  • the bright-line property rule.

As it is your holiday home, you're not likely to have lived in the property for the 50% of the time needed to meet the main home exclusion.

Renting out a holiday home