by AlexanderDorrington | Jul 11, 2021 | Blog, Building, General property Law, Sale and Purchase
In March 2021, the Government announced two law changes: Residential property investors are now prevented from writing off interest as an expense when paying tax; and The bright-line test was extended from five to ten years, so that investors who buy and sell...
by Debra Dorrington | Oct 9, 2018 | Blog, Building, General property Law, Sale and Purchase, Unit Titles
Are you a property developer mid-way through your apartment build? Have you decided not to apply for an exemption to the new OIO requirements (and save the $25,500 fee)? You might want to consider encouraging your buyers to nominate this month. This is...
by Denise Marsden | Apr 3, 2018 | Blog, General property Law, Sale and Purchase
NEW LEGISLATION: A new bill has been passed extending the ”Bright Line Test” for residential land to 5 years. The Bright Line Test was introduced as part of the Taxation Act 2015. It requires income tax to be paid on any gains from residential property that is...
