There are commonly 3 taxes which can be charged when property is bought or sold.
- Goods & Services Tax (GST)
- Capital Gains Tax (CGT)
- Stamp Duty
There is no Stamp Duty in NZ (but it is charged in Australia).
CGT only applies if you bought after November 2015 and sell within 2 years.
GST applies when an apartment is on a commercial lease.
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