IR833 Dates for property sales subject to the bright-line test
If you have ticked that the sale or disposal of the property is taxable under the bright-line test, use the dates in the table below. Remember that the bright-line test only applies to residential property bought/acquired on or after 1 October 2015.
Note: Registration date is the date the property transfer was registered with Land Information New Zealand (LINZ). If the property is in another country, it’s the date the transfer was registered under that country’s laws.
Type of purchase/acquisition | Date to use |
|---|---|
Purchase of property | Registration date |
Purchase where no registration occurs prior to the bright- line sale/disposal date | Latest date that you acquired an interest in the property |
Acquiring property by way of subdivision of property where registration of the undivided property has occurred prior to the bright-line sale/disposal date | The original date of registration for the undivided property |
Acquiring property by way of subdivision of property where no registration occurs prior to the bright-line sale/disposal date | The latest date you acquired an interest in the undivided land |
Type of sale/disposal | Date to use |
|---|---|
Sale, transfer or disposal of property under an agreement | Date you entered into an agreement for sale, transfer or disposal |
Gifting of property | Date the gift was made |
Compulsory acquisition by the Crown, a local authority or a public authority | Date of compulsory acquisition |
Mortgagee sale | Date the property is disposed of by or for the mortgagee as a result of the mortgagor’s default |
Disposals not covered above | Date you disposed of the property |