Resident Land Withholding Tax – Update

DATE: Friday 15 July 2016
KEYWORDS: Property, Tax, Resident Land Withholding Tax, Offshore Resident Land Withholding Tax Person

All non-New Zealand citizens or residents who bought property after 1 October 2015 and sold the property within 2 years will be subject to RLWT.

Residential Land Withholding Tax to Come in to Apply from 1 July 2016

DATE: Tuesday 14 June 2016
KEYWORDS: Property, Tax, Resident Land Withholding Tax, Offshore Person

This tax regime targets short-term gains from sales of properties by non-New Zealand citizens and residents, and certain NZ residents and citizens. Find out if it affects you.