Residential Property Brightline Test
An interesting article was published in Stuff on 23 January 2020:
www.stuff.co.nz/business/118961210/inland-revenue-slaps-property-traders-with-125m-tax-bill
The article is broadly about the tax Brightline Test which taxes capital gains on real property bought and sold within a specified period.
The Stuff article includes some misleading comments and also highlights a critical error (albeit by omission) in the way IRD tells taxpayers how the Brightline period is calculated.