News

New “bright line” test rules clarified

Tuesday 30th of June 2015

Detailed proposals on how the “bright line” test will be applied have been released in a consultation paper by the Inland Revenue Department (IRD).

The “bright-line” test – which will be applied to properties bought and sold within two years - is intended to help clarify whether or not gains on the sale of a property are taxable.

While gains from th...

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