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General Business
2 mins to read

IRD property spotlight finds $150m undeclared tax

The tax agency has been scrutinising developers, landlords, and people covered by the ‘brightline’ test.

The Inland Revenue Department.

NBR Staff Fri, 09 May 2025

Inland Revenue is cracking down on the property sector and uncovered more than $150 million in undeclared income tax and GST.

The agency said it had been scrutinising developers, landlords, and people covered by the so-called ‘brightline’ test as part of its increased compliance work funded by

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NBR Staff Fri, 09 May 2025
Contact the Writer: editor@nbr.co.nz
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IRD property spotlight finds $150m undeclared tax
General Business,
108990
true