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Budget 2015: Agents welcome new tax rules

2015-05-20 06:55:36| Real Estate - Topix.net

Real estate agents have welcomed new measures to track foreigners buying property here but say tougher moves on money laundering are needed. Colleen Milne, Real Estate Institute chief executive, backed the two-year speculator tax and making non-resident buyers give their tax number from their home country, along with opening a New Zealand bank account.

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