PROPERTY DEVELOPMENT

Whilst there is no formal Capital Gains Tax in New Zealand, there are a number of circumstances where capital gains are taxed as income.  Property development and dealing in property are two instances where this may occur, and the rules are complex and often subjective.  We have huge experience of client activity and research in this area to draw on to be able to provide you with guidance and opinions.

Equally complex are the "association" rules that mean if a person is associated with a developer, land dealer or builder, their own property capital gains may be subject to tax even though they have never engaged in such activity themselves.

Understanding the rules, having experience of their application and knowledge of how to plan to mitigate their effect is one of our tax specialities. 

If you think you may be affected, make an appointment to see us to discuss this.

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