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Tax Law Update – Government announces measures for taxing gains from sales of residential property

Home Insights Tax Law Update – Government announces measures for taxing gains from sales of residential property

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Contributed by: Tim Stewart and James Lester

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Published on: July 16, 2015

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As part of its 2015 Budget, the New Zealand Government announced new rules for taxing gains from the sale of residential property, and increased funding for Inland Revenue to enforce tax compliance on residential property transactions. If enacted, the new rules will apply from 1 October 2015.

This article reviews the current law and proposed amendments.

Read full article here 


This article originally appeared in the July/August 2015 edition of the International Tax Review.

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