The following steps must be true to meet the “Qualifying resale” criteria:
- The resale value must be $2,000 NZD (excl. GST) or greater
- The contract for the resale must be entered into on or after the commencement date of the Act (1st December 2024)
- The sale must be a “Professional Resale” or a “Voluntary Qualifying Resale“
Read more in our Criteria section.