I had sold a rental property in March this year under my LTC. I had this property for over 5 years. Do I need to inform IRD for this sales and the capital gain I have? Please adivse what I should do. This was my only rental property. Thank you.
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Get a property accountant like GRA.
Plus read up on capital gains tax etc. It’s all about your intention as well as the bright line test.
cheers
DonnaEmail Sign Up - New Discussions, Monthly Newsletter, About PropertyTalk
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Originally posted by donna View PostGet a property accountant like GRA.
Plus read up on capital gains tax etc. It’s all about your intention as well as the bright line test.
cheers
Donna
They are a bit too expensive for a single property - a good property account should be able to know
They are good in all matters of tax but unfortunately bit too expensive - you think with all the efficiencies it will be getting cheaper
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Originally posted by Lodestar View PostI had sold a rental property in March this year under my LTC. I had this property for over 5 years. Do I need to inform IRD for this sales and the capital gain I have? Please adivse what I should do. This was my only rental property. Thank you.
There are two things you cannot avoid
death and Taxes and guess what IRD has all systems linked money -- cash cow for this Lab govt to pay for all their mistakes
Complete this form if you had a bright-line property sale during the year and you're showing the income from the sale in your tax return.
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Originally posted by BlueSky View PostThis website is now very annoying, while posting it continuously is asking for password despite already signed in.
cheers
Donna
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