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  • Profile photo of Michael RMichael R
    Member
    @michael-r
    Join Date: 2003
    Post Count: 302
    September 9, 2003 - 4:51 pm

    The following is incorrect. GST applies to all property acquisitions in New Zealand – residential and commercial, at a rate of 12.5%. However, if the acquiring party is a New Zealand registered company, the GST content can be claimed [refunded].

    quote:

    Hi Guys
    No GST is payable if buying residential property in NZ.
    If you are buying a farm it is though.
    Regards

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