New Zealand Wealth & Property Tax
Detailed wealth & property tax rates and rules for New Zealand.
Wealth Tax
New Zealand does not impose a wealth tax. There is no annual tax on the net wealth or total assets of individuals or entities.
Wealth Tax Rate
0%
Inheritance / Estate Tax
New Zealand does not have an inheritance tax, estate tax, or death duty. Estate duty was abolished in 1999. However, assets transferred from a deceased estate may be subject to income tax under the normal rules if they would have been taxable in the hands of the deceased (e.g., trading stock or property subject to the bright-line test).
Top Rate
0%
Property Tax
Property taxation in New Zealand is primarily administered at the local government level through council rates, which are levied on the capital value or land value of property to fund local services and infrastructure. There is no national land tax or stamp duty. The bright-line property test effectively functions as a targeted capital gains tax on residential property, taxing gains on properties (other than the main home) sold within 2 years (new builds) or 10 years (other residential property) at the owner's marginal income tax rate. Interest deductibility on residential investment property has been phased out for properties acquired on or after 27 March 2021.