What is the “bright-line” test? An update

June 2021

Sarah Manning

The bright-line test is a rule that taxes gains from the disposal of residential property in New Zealand. As you may be aware the bright-line test was extended earlier this year. While the main rules remain, there are a number of revisions you ... Read more

Changes to the ADLS Agreement for Sale and Purchase of Real Estate

June 2020

Chris Egden

If you have bought or sold a property it is likely that you have been party to an Auckland District Law Society (ADLS)/REINZ Agreement for Sale and Purchase of Real Estate. This is the most widely used form of agreement used for property ... Read more

Are you selling a property? Beware of vendor warranties!

September 2019

Sarah Manning

Are you selling a property? Beware of vendor warranties! If you are selling a property (residential, commercial, or rural) it is likely that your sale contract will contain "standard" warranties given by the seller to the buyer. In New ... Read more

Sale & Purchase Agreements

March 2019

Margaret Mary De Goldi

An agreement for the sale or purchase of property is arguably the most significant contract that most of us enter into. How often do you show this binding and significant document to your lawyer before you sign it? In our experience, the ... Read more

Overseas Investment Amendment Act 2018

December 2018

Sarah Manning

In our March Newsletter, we discussed the Government’s plan to introduce an amendment to the Overseas Investment Act. This amendment has passed through Parliament and it came into force on 22 October 2018.  The main thrust of the amendment ... Read more

Introduction to the Land Transfer Act 2017

December 2018

Chris Egden

The Land Transfer Act 2017 came into force on 12 November 2018.  The Land Transfer Act 1952 has long been due for review and the new Act is the outcome of this review process.  Some of the more noticeable changes introduced by the new Act are set ... Read more

Bright-Line Test Extension

June 2018

Andrew Logan

The “Bright-Line Test”, or period in which profit made from the sale of residential land is taxable as income, has been extended from two to five years. The five year period applies to properties purchased from 29 March 2018 onwards. The ... Read more