Inheritance Tax 2024 Nz. Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Generally, you do not pay tax when you inherit property, but depending on the circumstances, you may need to pay tax when you sell it.
This is an area of law that affects most new. While the estate must pay tax on any income earned, ‘death taxes’ or ‘death duties’ no longer exist in new zealand tax law.