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Source: Inland Revenue Department –

News and information about the Government’s tax policy work programme, including:
– proposed changes to the laws that Inland Revenue is responsible for
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– policy announcements

Cabinet paper DEV-19-SUB-0352: Amendments to the tax rules for land

Description Information release seeking agreement to amend the tax rules for land. Proposed changes cover investment property and speculators, land banking, and vacant land.
Date published 5 February 2020
Documents in this information release
  1. IR2019/622 – Tax policy report: Land rules review: tranche 1 (15 November 2019)
  2. DEV-19-SUB-352 – Cabinet paper: Amendments to the tax rules for land (11 December 2019)

  3. DEV-19-SUB-352 – Regulatory impact assessment: Land tax rules review 2019 – habitual buyers and sellers (19 November 2019)

  4. DEV-19-MIN-352 – Minute: Tax rules for land: proposed amendments (11 December 2019)

Additional information

The Cabinet paper was considered by the Economic Development Committee on 11 December 2019 and confirmed by Cabinet on 16 December 2019.

A regulatory impact assessment is attached to the Cabinet paper and included in this information release, and is also available separately: