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https://www.stuff.co.nz/business/money/300305269/new-zealands-new-39-capital-gains-tax-its-pretty-harsh
People making capital gains on some investment properties can now be taxed up to 39 per cent on their profits, a rate that tax experts say is high by international standards. The Government has introduced a 39 per cent tax rate, from this tax year, for income over $180,000. Profits from residential investment property sales are taxable when a property bought between March 2018 and March 2021 is sold within five years, and when a property bought since March 27 is sold within 10 years. The gains are added to a person’s annual income to calculate the tax applicable.
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