New Zealand Law Society

Navigation menu

Land Transfer Tax Statements – 1 July update

02 July 2020

The Property Law Section reminds lawyers that the transitional period for Land Transfer Tax Statements ended on 1 July 2020. This means that clients will not be able to claim the main home non-notifiable reason at question 15 for any transfer that is lodged with LINZ on or after 2 July 2020.
If you have any transfers that have not yet been lodged and the tax statements include:

  • an answer of “n/a – transitional period applies” at question 3B; or
  • the main home non-notifiable reason at question 15;

then clients will need to sign a new tax statement without that information to be able to lodge the transfer on or after 2 July 2020 and avoid rejection of the dealing.

If you lodge a dealing on or before 1 July 2020 with tax statements including the above information and your dealing is subsequently:

  • rejected, you will need to obtain new tax statements with the correct information before re-lodging your dealing on or after 2 July 2020; or
  • requisitioned, and the transfer remains signed, you will not need to alter the tax information before re-lodging. However, if you alter the transfer and need to re-sign it, you will need to contact LINZ customer support before re-lodging, if you wish to retain those above options.

You can find further information on the LINZ website.

Last updated on the 2nd July 2020