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 If you’re buying or selling a property visit Inland Revenue's changes to property rules page [link no longer current, links to Internet Archive] to find out what you need to know and do.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| Changes to property tax rules [link no longer current, links to Internet Archive] |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 |