The bright-line property test changed on 1 July 2024. Here is what you need to know.
If you sell a residential property on or after 1 July 2024, the 2-year bright-line period may apply.
If you sold a property before 1 July 2024, the 5 or 10 year bright-line period may apply.
To learn more go to: ird.govt.nz/bright-line
