A proposed new capital gains tax is expected to have little effect on Northlanders.
The proposed tax on investment properties sold within two years arose from the 2015 Budget and is one of several measures designed to quell the Auckland property market.
It will come into effect from October 1 and the rate will be the same as the seller's income tax rate.
Other measures will require all non-resident buyers and sellers to provide a tax identification number from their home country along with identification, such as a passport.
They must also have an Inland Revenue Department number and New Zealand bank account.