Tax man blitzes property investors over bright-line test
IRD is data matching sales records with tax returns and sending warning letters over ‘bright-line’ profits.
Maria Slade
Mon, 30 Nov 2020
The IRD is cracking down on investment property owners who sell without paying tax on the profits.
In recent weeks, the department has sent letters to tax agents warning them that some of their clients may have sold properties that are caught by the residential bright-line test.
The tax man
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Maria Slade
Mon, 30 Nov 2020
Contact the Writer: maria@nbr.co.nz
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Tax man blitzes property investors over bright-line test
Business,
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