Bought a House with Your Parents? Brace Yourself for this Hidden Tax ⎜ Ep. 1378

<p>In this episode, we discuss a hidden tax that most Kiwis don&#39;t think about when buying a house with their parents. </p> <p><br></p> <p>We all know about the Bright Line Test. That&#39;s New Zealand&#39;s version of a capital tax gains tax. </p> <p><br></p> <p>And most of us also know it doesn&#39;t apply to the family home. But, if your parents buy your house with you, they could have to pay tax if you sell your property within the bright line. </p> <p><br></p> <p>This is a tax most Kiwis won&#39;t be thinking about. But with mortgage brokers reporting that up to 50% of first home buyers get help from the Bank of Mum and Dad ... this is a tax you need to know about. </p>