he Government's commenced public consultation begins today on the proposed residential land withholding tax aimed at offshore investors selling New Zealand houses within two years of buying them.The tax, aimed at being introduced on July 1 next year, was part of the package of proposals unveiled by the Government in May's Budget and fits in with the the so-called bright-line test targeting investors selling properties within two years,which was introduced into Parliament last week.Revenue Minister Todd McClay said the new proposed withholding tax was "an important part of the Government’s residential property tax compliance work and will ensure tax is paid under...