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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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