Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

Consultation

An officials’ issues paper, Bright-line test for sales of residential property, seeks feedback on the proposed final shape of the “bright-line” test announced by the Government in Budget 2015. The test will require income tax to be paid on gains from the sale of certain residential property bought and sold within two years.

Submissions close on 24 July 2015.

An officials’ issues paper, NRWT: related party and branch lending, seeks feedback on possible changes to the non-resident withholding tax rules.

Submissions now close on 3 July 2015 (original closing date was 16 June 2015).