Careful attention is necessary when buying, owning and selling land to minimise any tax cost while maximising tax paid returns. While NZ does not have a capital gains tax per se, there exists legislation specific to land transactions that has caught out many land dealers/investors. Attention to documentation when purchasing is critical.
Des specialises in providing advice on exposure and liability to income tax / GST on land acquisition/sale/subdivision transactions in respect to residential, commercial and industrial property
Des also advises on appropriate structures when buying property. Acting for taxpayers in disputes with IRD over land transactions.
