News
IRD potentially misleading over off-the-plan property sales
Wednesday 2nd of December 2009
The brochure states that the IRD will presume an intention of sale for all property sold prior to a contract going unconditional.
NZICA tax director Craig Macalister says this means that if a person made a deposit on a property with the intention to live in that property, but subsequently had a change of circumstances and decided to sell it before the contract went unconditional, then a...
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