Land Transfer Amendment Bill and Tax Administration Amendment Bill
Enacted as the Land Transfer Amendment Act 2015 and Tax Administration Amendment Act 2015 on 22 September 2015.
The property tax rules changed on 1 October 2015. If you’re buying or selling a property visit Inland Revenue's changes to property rules page [link no longer current, links to Internet Archive] to find out what you need to know and do.
The Tax Information Bulletin Volume 27, No 10, November 2015 includes detailed analysis of the legislation.
Note: Since this legislation was enacted in 2015 the property tax rules have changed – visit www.ird.govt.nz for current information on the rules that now apply.
The Taxation (Land Information and Offshore Persons Information) Bill was split on 9 September 2015 by Supplementary Order Paper No 166 into two bills:
| Stage before Parliament | Date |
|---|---|
| Introduction | 22 June 2015 |
| First reading | 25 June 2015 |
| Closing date for submissions | 9 July 2015 |
| Presentation/report back | 14 August 2015 |
| Second reading (report back debate) | 8 September 2015 |
| Committee of the whole House | 9 September 2015 |
| Third reading | 10 September 2015 |
| Assent | 22 September 2015 |
| Related announcements | Date |
|---|---|
| Property tax rules bill introduced | 23 June 2015 |
| Property tax rules bill referred to select committee | 25 June 2015 |
| Property tax rules bill reported back | 14 August 2015 |
| Property tax bills receive third reading | 10 September 2015 |
| Assent for new property tax legislation | 23 September 2015 |
| Related publications | Date |
|---|---|
| Bill as introduced | 22 June 2015 |
| Departmental disclosure statement | 22 June 2015 |
| Regulatory impact statements | 22 June 2015 |
| Commentary on the Bill | 1 July 2015 |
| Submissions and advice received by the select committee | July to August 2015 |
| Officials' report on submissions | 14 August 2015 |
| Bill as reported back | 14 August 2015 |
| Supplementary Order Paper No 116 (to divide into separate Bills) | 8 September 2015 |
| Supplementary Order Paper No 117 (substantive amendment) | 8 September 2015 |
| Land Transfer Amendment Act 2015 | 22 September 2015 |
| Tax Administration Amendment Act 2015 | 22 September 2015 |
| Special report on the changes | 23 September 2015 |
| Changes to property tax rules [link no longer current, links to Internet Archive] |
November 2015 |
| Tax Information Bulletin – Vol 27 No 10 | November 2015 |