Description
Bright-Line Test is a hot topic right now!
Inland Revenue is actively following up with taxpayers that have bought and sold properties in the last five years. Seeking those that have not paid the necessary tax.
The Bright-Line Test for residential property was introduced in 2015 and applies to any person that has;
- Purchased properties between 1st October 2013 – 28th March 2018 and sold within 2 years.
- Purchased properties on or after 29th March 2018 and sold within 5 years can now result in taxable transactions.
- Latest Update on Bright-Line test
Learning Outcomes
- Learn about when the Bright-Line Test will apply.
- Learn about the different scenarios you may face.
- Learn about the measures Bright-Line Test period nomination of sale and purchase agreements
- Learn about when the 3 main exclusions to the Bright-Line Test.
- Learn about the Tax Payers obligations.
Suited To
Junior to intermediate Accountants, Property Lawyers and others who advise clients on Land Transactions
One-connection-one-fee
Our webinars operate on a ‘one-connection-one-fee’ basis so you can have your whole team participate for one cost effective price
