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Tax And Your Property Transactions - IR361

This guide provides an overview of possible tax issues related to property transactions, but note this isn’t a comprehensive property tax resource. IRD recommends taxpayer to fetch advise from tax advisor if the situation isn’t covered in this guide.

Property Tax Accountant NZ

Property tax can be complex. The unique situation of each property transaction needs to be considered when working out any tax implications.

Amounts derived from disposing of land will be taxable if any of the sections from CB 6A to CB 15 of the Income Tax Act 2007 apply. These provisions deal specifically with the taxation of land transactions. A summary of the sections can be found here.

Certain exemptions may apply under the land taxing provisions. This includes residential land, business premises, farmland, and investment land exclusions.

You can also find more about taxation on land transaction here.

Tax And Your Property Transactions (IR361)

IR 361

Please note the guide(s)/form(s) were the latest version at the time this web page was finalised. If you need the latest form/guide, please visit IRD’s website at here.

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