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Residential property
Ngā whare rīhi me ngā whare haumi

Rental property

Find out about taxes, what you can claim and what happens when you sell your rental property…and more.

What happens if you change your investment strategy

Some investors may find the returns from buying and selling rental properties are much higher than the actual rental income those properties can provide, so they switch from being investors to dealers.

What about GST?

There is no GST on residential rental. However, if you own an investment apartment with a management or service agreement in place there may be GST implications to consider.

Rental income and boarding services

The way tax is calculated for people who take in private boarders, including student home stays, changed at the start of the 2007 income year. Fewer boarding service providers are likely to have to file a tax return.

Holiday homes - mixed-use assets

Your holiday home may be covered by the mixed-use assets rules that determine what income and expenditure is returned.

Deductions you can and can't claim

Find out about deductions you can and can't claim.

What happens when you sell your rental?

Generally, you don’t need to pay tax when you sell your rental property except for any depreciation recovered. However, each time you sell a rental property it is important to consider if you are still a residential rental investor or are now a dealer.

What tax should you be paying

The tax you should pay will depend on whether you are a residential rental investor or a dealer in residential rental properties.

Date published: 26 May 2010

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