Buying and selling situations

Income tax Dates

MAR 31

Final date for ratio option provisional tax applications.
APR 7

End-of-year income tax and Working for Families bills are due if you have an extension of time to file your income tax return.
MAY 7

Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.

All Income tax dates

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.

Ngā tūāhua hoko mai, hoko atu Buying and selling situations

Income tax Dates

Buying and selling situations