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Inland Revenue

Tax Policy

PUBLISHED 18 November 2015

Special report: new bright-line test

The recently enacted Taxation (Bright-line Test for Residential Land) Act 2015 introduces a new objective test for determining when gains from the sale of a property are taxable. For early information about the changes see the special report. Full coverage of the new Act will be published in the February 2016 edition of the Tax Information Bulletin.