Hi, hope somebody can help. I'm wanting to sell my only NZ house that I bought 10yrs ago and lived in ,apart from hols, ever since. It meets the NZ definition of main home. My tax status is simple, I just work for my employer paying tax via paye. I still have a house in the UK where my wife lives, she is looking after my mother who is in a home. There is no income from the house. Does my having a UK house affect my tax liability when selling my NZ house? Thanks, Alan.
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There should be no NZ tax liability relating to the situation described above. Irrelevant whether you have any other houses anywhere else in the world.AAT Accounting Services - Property Specialist - [email protected]
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