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  1. #1

    Default Income tax on selling overseas property?

    Sorry the question is not about investment property, but I've seen some discussions of similar questions here, so I thought I could try.
    I inherited this property several years ago, so I didn't buy it neither with intention to sell nor with any other, and sold it because I don't want any property in that country. So I'm unsure how to determine if I'll have to pay any tax on this income in NZ.

    Thanks,
    Andrew

  2. #2
    Join Date
    Oct 2013
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    Default

    If the property generated income while in your ownership and while you were a NZ tax resident, is probably taxable in NZ as well as the other country. There may be a tax agreement preventing double-taxation.

    But nope. Don't see any way you'd be taxed on the sale in NZ. May be taxes in whatever country the property is in.
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