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Property update: bright line test changes.

Important Change to Bright Line Test. The bright line property rule changed on 29 March 2018 and has extended the bright line test from two to five years.

If you buy a new residential property on or after 29 March 2018 and then sell within five years of acquisition, the proceeds will be taxed unless the main home or other exemption applies. The two-year bright-line test continues to apply for residential property purchased between the dates of 1 October 2015 to 28 March 2018. 

Timing is an important factor to consider when deciding whether to buy or sell a residential property.


If you would like more information about the bright-line test, please feel free to contact Nick and the Property Law team.
nick@davenportslaw.co.nz | 09 883 4420

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