New Zealand Launches Consultation on the Implementation of Residential Land Withholding Tax for Non-Residents
On 31 August 2015, the New Zealand government issued an officials’ issues paper for public comment on the implementation of a residential land withholding tax (RLWT) for non-resident sellers of New Zealand property. The plans for implementing the RLWT follow a proposal for introducing a bright-line test for property tax purposes, where gains on the sale of residential land by both residents and…
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