NZ's Most Reputable & Independent Hub Of Property And Real Estate Advice


Property Tax Information

When buying or selling a family home, a rental or a holiday home, it's essential to understand your property tax obligations first.

The Inland Revenue Online property tax decision tree is a great way to work out if the property you are buying or selling is taxable under any of the property rules.

Central government websites can be overwhelming with the sheer volume of information - and the Inland Revenue Department website is no exception.

We’ve pulled out the best property tax information for both buyers and sellers and centralised it all here on Wise Up NZ to make it simple and easy to find.

The IRD helps you to determine your tax obligations whether buying or selling a property and what to do if you're not sure. It covers:

  • Family homes
  • Holiday homes
  • Rental properties
  • Other property types

Inland Revenue Property Tax Resources

The IRD website provides the most reliable source of tax related information for buying or selling and the following links take you to the pages you need to check out:

  • When buying or selling, the IRD explains your property tax obligations using this property tax decision tree. Just click on the start button.
  • The expenses you, as a landlord, can and can’t claim in tax returns.
  • This video will help you to determine your rental property tax responsibilities - one of the most informative pages in our view.

You can use the IRD tax calculators, find numerous forms and guides or get downloadable questions answered in multiple languages including Chinese, Hindi, Maori and Korean.

Understanding the whole buying and selling process

There is a great deal more to buying or selling a property than most people think and many miss out on doing sufficient due diligence. We read many stories in the news but most goes unreported.

To help all property consumers, we have liaised with government agencies, property-related boards, societies and other not-for profit authorities and centralised the most important information every buyer or seller should have to commence a real estate process.

It's a free one-pager in five easy steps and incorporates all your due diligence checks and no login is required.

Alternatively, this Real Estate Forum includes the most commonly asked questions and provides some great resources that respond to these. If your question isn't answered, get in touch.

Don't wrestle with the IRD - Get Your Property Tax Sorted.

Finding a tax accountant to help

Some people who provide tax services are not licensed accountants so be careful who you hire. You can be sure to find a licensed accountant on Chartered Accountants Australia and New Zealand website.

Are you an investor looking for help?

If you're an investor, we've also centralised more information and advice for owners of rental properties that includes giving notice to tenants, investor property tax obligations when selling, landlord rights, claiming damage and your healthy home obligations.

If you would like us to include more property tax information, get in touch and let us know what you think needs to be covered.

Last updated: August 29 2019

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