Rental property bright-line rule changes
There are three key changes to the bright-line rules which are the rules that tax gains on the sale of residential property. From 1 July 2024, the bright-line period returns to its original form of 2-years. This means, if you sign an agreement on or after 1 July 2024 to sell a residential property, and the sale does not occur within 2 years from when you acquired the property, then… Read more