This flowchart provides taxpayer a general overview of the GST rules for land transactions.
Note the flowchart is a guide only and cannot be relied upon or substituted for professional advice.
Land Sale And GST Flowchart - IR 730
Mistakes with GST can be costly and difficult to put right for land transactions. IRD recommends taxpayer to consult a tax advisor before executing a property sales and purchase agreement.
You can find more about taxation on land transactions here.
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