New Zealand Home Pacific New Zealand Regional Statistics Income Tax on Rental Income in New Zealand More NZ × New Zealand Regional Statistics Square Meter Prices Rental Yields Rents Price/Rent Ratio Price/GDP per Cap Buy/Sell Costs Rental Income Tax Price Change 1 yr Price Change 5 yrs Price Change 10 yrs GDP Per Capita GDP/Cap Growth 1 yr GDP/Cap Growth 5 yrs Economic Freedom Ec. Freedom 5 yrs Competitiveness Property Rights Index Currency +/- Value Taxes on Residents Financial Overview Overview House Prices Market in Depth Rental Yields Income Tax et al Tax Example Taxes if Resident Buying Guide Landlord and Tenant Property Inheritance Country Statistics Property Investments Where to Buy Survey of New Zealand Auckland Canterbury Marlborough Wellington West Coast Key Contacts Accountants Lawyers Real Estate Agents Mortgages Rental Income Tax (Effective) in New Zealand compared to Pacific Footnote | Export Sort: Alphabetically | Ascending Rank | Descending Rank Click name of country for detailed information New Zealand 0.94% Guam 4.87% Vanuatu 8.17% Fiji 14.00% PNG 20.53% Australia 24.38% New Zealand: Rental income taxes (%). The tax levied on the average annual income on a rental apartment/property in the country. Assumptions: Gross rental income is /US$1,500/month The property is personally directly owned jointly by husband and wife Both owners are foreigners and non-residents They have no other local income There is no mortgage, i.e., no loan is taken for the purchase In arriving at the pre-tax profit figure, we calculate, and deduct: Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis. We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that. Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ. Source: Global Property Guide Research, Contributing Accounting Firms New Zealand has a quarterly house price index, available from the Reserve Bank of New Zealand. Monthly median house prices are published by the Real Estate Institute of New Zealand (REINZ), which also publishes residential market news. Rental market data are freely available from the Massey University Real Estate Analysis Unit. General economics statistics are from the Reserve Bank of New Zealand.