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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As the odd earthquake still rattles us, these shakes serve as a timely reminder to carry out an inspection of our homes to consider what, if any, damage exists.
Your policy of insurance provides cover for natural disaster damage but not for ...
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We have many clients who live overseas but own property in New Zealand. With the changes to the Overseas Investment Act ("OIA") which came into force in 2018, there can be some confusion whether the OIA rules apply, and given the hefty fines for ...
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While the Government is vowing to overhaul the Earthquake Commission due to its poor handling of the 2010-2011 earthquakes, this will not help you if your house was repaired and you still have concerns about that repair and haven’t done anything ...
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On 15 August last year the Government announced a new “ex gratia” support package for eligible owners of “on-sold over-cap” properties in Canterbury. This was in response to the many problems that have come to light over recent years ...
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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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June 2019
The last twelve months have been busy for the Sarahs at Mortlock McCormack Law, they each gave birth to their first child, a girl. We were lucky enough have all three mothers and babies in the office recently, see the attached photo of Sarah Manning ...
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Partner Sue McCormack was elected as the Chancellor of the University of Canterbury on 1 January 2019 and will be retiring from the firm at the end of March. Sue has had a long and distinguished career as a lawyer for nearly 35 years and will be ...
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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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New Zealand has recently adopted what is known as the ‘Common Reporting Standard’ (CRS). The CRS was developed by the Organisation for Economic Co-Operation and Development (OECD) to assist with the detection and deterrence of offshore tax ...
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