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.