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Inland Revenue

Tax Policy

Last updated 5 November 2009
Closing date 18 December 2009

Status Complete

Proposed changes to GST rules on land sales

The government discussion document GST: Accounting for land and other high-value assets set out proposed changes to the GST rules on sales of land and other high-value assets, to prevent revenue loss. Other proposed changes included making it easier to account for the taxable and non-taxable use of assets on which GST is paid, and clarifying the boundary between residential and commercial accommodation for GST purposes.

Submissions closed on 18 December 2009.