Selling your main home
The main home exclusion when you sell a property
Your main home will be excluded from the bright-line property rule if more than 50% of the property’s area is used as your main home (this includes the yard, gardens and garages), and it was used as your main home for the time required during the applicable bright-line period.The bright-line period starts on the date you bought the property which is generally the date the property's title is registered with Land Information New Zealand (LINZ) (generally the settlement date) and generally ends when you enter into a binding sale and purchase agreement to sell the property.The main home exclusion applies differently depending on when the property was acquired.
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