Apartment

Bright-Line test to be extended

Revenue Minister Stuart Nash has confirmed the bright-line test on residential property sales will be extended from two years to five years. The objective of the extension is to ensure speculators pay tax on the gains from property speculation and improve housing affordability for owner-occupiers by reducing demand from speculators. Whether the later objective will be achieved is anyone’s guess, …

The Bright-line test

Most of you will have heard the term ‘Bright-line test’ being passed around in conversation, but how many people really understand what it means? This article explains what the bright-line test is and how it’s applied.   The bright-line test will apply to residential properties for which an agreement to purchase (note this isn’t settlement date) was entered into, on …