skip to Main Content


From 1st October 2015 the Land Registry will be collecting information on certain land transactions (including a sale and purchase) and will pass this information onto the Inland Revenue.

The IRD will then apply a “bright-line” test, which may result in a Vendor being taxed on any profits gained from a sale.

 For all contracts entered into on or after 1st October 2015, buyers and purchasers of property will be required to provide certain tax information to the Solicitor acting for them on the property transaction and in most cases an IRD number will be needed.

There are some exemptions but none for Trusts , which must have an IRD Number and none for an “Offshore” Purchaser, who will also need an IRD number as well as to meet other criteria.

For more details on how this will affect you or your Trust, see the following links:


  1. Link to article on Trust web page Important New Law Changes Affecting Family Trusts


  1. Link to article on Property web page New Property Tax Compliance Requirements

Share this post

Latest Articles

Knapps Lawyers Shaking Hands With Contract

Property Sharing Agreements

With the ever-changing world, and skyrocketing prices of housing, more and more people in New Zealand/Aotearoa are looking to purchase…

Knapps Lawyers Real Estate

Are you looking to purchase, sell or refinance a property?

Are you feeling daunted by the process and paperwork? Fear not!! At Knapps Lawyers, we are here to guide you…

Knapps Lawyers Building

Knapps Announcements

The change of seasons has ushered in some exciting developments at Knapps. First, we are delighted to announce the promotion…


22 Oxford Street, Richmond, Nelson
New Zealand

+64 3 544 4617


Knapps Lawyers reserves all rights to the intellectual property on this site. Content may be reproduced only for informational, non-commercial purposes, and only with a prominent acknowledgment of Knapps Lawyers’ rights to the content.

While Knapps Lawyers has tried to ensure information in this site is current, accurate and complete, it does not guarantee this. Site users are solely responsible for their actions on the basis of content in, or content accessed through, this site. If you wish to rely upon or verify any content of this site, please contact us.

Knapps Lawyers will not be liable for any damage, loss or expenses, or indirect losses or consequential damages of any kind, incurred by anyone through their use of this site.

Back To Top