jimbennett

My wife and I returned from living in New Zealand for just under 9 yrs , 2yrs ago. We still have a house out there which is rented out. We are returning there next year to sell it and wondered how long we need to be back in the house to be exempt from capital gains tax
Can anybody offer advice or know who we could contact to find out

MrsFychan

this may help, looks like there is no time limit, its the intention at the time of purchase

Selling property (Residential property)

aklbob

The brightline test is 2 years, but under the new government, will be extended to 5 years. Have you ever lived in the property? Or has it been rented the whole time?

jimbennett

We lived in our New Zealand house for 6yrs before renting it out for the last two years and 3 months.

simonsi

I'd suggest you contact a NZ accountant, tax is one area where you don't really want to rely on what you read on an Internet forum...