News

Reminder to check property tax status

Thursday 18th of May 2023

Customer segment leader Bernadette Newman says there may income tax to pay on the profit because of property rules that may apply, such as the bright-line test.

The bright-line property rule looks at whether the property was acquired on or after 27 March 2021 and sold within 10 years or five years for new builds, or bought between 29 March 2018 and 26 March 2021 and sold within five yea...

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