by Kelly Smith | Aug 31, 2018 | Property, Technical Updates
On 31 August 2018, Inland Revenue released draft Question We’ve Been Asked (QWBA): “Income tax — bright-line test — main home exclusion — sale of subdivided section”. The draft QWBA explains when a section subdivided from a residential property sold within the...
by Kelly Smith | Aug 31, 2018 | Property, Technical Updates
On 31 August 2018, Inland Revenue released draft Question We’ve Been Asked (QWBA): “ income tax — bright-line test — farmland and main home exclusions — sale of lifestyle blocks”. The draft QWBA explains when lifestyle blocks sold within the bright-line period will be...
