Beware of taxman, warns Key

walker123

Beware of taxman, warns KeyThose in a rush to buy property before new restrictions come into force in October are ignorant of the current rules and will be in the IRD's sights, Prime Minister John Key says.
"The bright-line test takes away ambiguity when it comes to purchasing investment properties for that two-year period. It doesn't fundamentally change the law," Mr Key said.
"If you bought a property today and it was an investment-based property, that will be on the radar screen of the IRD. So, if people think they are going to beat the rules by buying today before the bright-line test comes in, they might be in for an awfully nasty shock when they get a knock on the door from an IRD tax inspector."
Mr Key made his comments after an agent from Auckland's biggest residential real estate agency said "some groups of buyers" were trying to beat the Government's restrictions.
Kevin Liu, of Barfoot & Thompson's Onehunga office, sent a letter to home owners in his area, asking them to get in touch if they were thinking of selling.
The letter indicated there was steep demand from "some groups of buyers" which he said would be affected by a new law coming into effect from October 1.
To get around new tax and banking restrictions, those buyers now wanted places, he indicated. Liu said he wanted to list more residential properties so he could meet that demand, which was exacerbating an already short listings supply.
The new measures include a capital gains tax on residential property sold within two years of buying.
The exemptions to this new bright-line test will be if the property sold is the seller's main home, if it is part of a deceased estate or inherited, and if it is transferred as part of a relationship settlement.
New disclosure rules will also give the Government information about who is buying property - residents or non-residents.

NewLynnHse

没搞清楚状况就乱来的确实让人捉急

楼主

反正IRD觉得你有动机你就有动机，一向如此。