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Inland Revenue

Tax Policy

Regulatory impact assessment
Published 23 March 2021

Tax measures to moderate house price growth – extension of the bright-line test

Regulatory impact statement prepared by The Treasury on 5 March 2021 about extending the bright-line period for property acquired on or after the application date.

The proposal was included in Supplementary Order Paper No 23 to the Taxation (Annual Rates 2020–21, Feasibility Expenditure, and Remedial Matters) Bill, released on 23 March 2021.