Iceman2 replied to the topic can i ask real estates this? / NZ capital gains in the forum The Treasure Chest 21 years, 5 months ago
Hi everyone,
If you are considered to be a property trader by the IRD then, yes, you will have to pay capital gains tax. A good way to avoid this is to have a good company/trust ownership structure to avoid attracting their attention, and this has worked well for me. Also, living in the property while it is being upgraded should avoid you being…[Read more]