Category: <span>Capital Gains</span>

Bright Line Test extended from two years to five

The bill which will see the bright line test extended by three years has passed its third reading and will become law. On Tuesday night, the Taxation (Annual Rates for 2017-18, Employment and Investment Income and Remedial Matters) Bill was passed 63 to 57. Labour, New Zealand First and the Greens all voted in favour, […]

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