More details about the changes to the bright-line property rule and rollover relief are now available.
We’ve updated the Bright-line property tax guide - IR1227 and developed 2 new guided help tools to assist with working out if rollover relief applies in the following situations:
- transfers of residential land for family trusts
- transfers of Māori residential land to or from trusts.
These resources give guidance about recent changes to the tax laws that came into effect from 1 April 2022.