The Law Lowdown – WINTER 2024
Catch up on all the news and information in this edition of The Law Lowdown Inside this issue: Download your copy here
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Practical steps to avoid financial difficulties after the death of a partner or spouse
The death of a partner or spouse is an emotionally challenging time, often compounded by the practical difficulties of managing finances and paying for expenses. Understanding how joint accounts work and the requirements of obtaining probate can help streamline financial matters during such times. In running a busy Estates practice, we often see things happening
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Understanding the brightline tax test
The Brightline tax test is a crucial part of New Zealand’s property taxation framework, designed to curb property speculation and ensure that profits from quick property sales are taxed appropriately. Introduced in October 2015, the test has undergone several changes, reflecting the governments’ ongoing efforts to stabilize the housing market and address affordability issues. The
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Buying a business in New Zealand: key considerations
Buying a business in New Zealand can be both exciting and stressful. It marks the start of a new adventure, but usually involves some uncertainty and risk. START A NEW BUSINESS INSTEAD? An existing business should offer an established customer base and cashflow. However, you also inherit existing challenges and may need to make changes
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A Man’s Home is his Castle…
Or so the saying goes. True perhaps, but one of the problems with modern day castles is they may not have secure parapets and their locations can be known to all. Through the introduction and initial reading of the Companies (Address Information) Amendment Bill, Parliament is looking at allowing company directors to have their residential
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Upcoming changes to Property Tax and Tenancy laws
Alongside the changes to employment law, the National-ACT-NZ First coalition is bringing in major changes to the property sector. Among the most significant and those likely to affect many of our clients are: TENANCY AND RENTAL MARKET ADJUSTMENTS DEDUCTIBILITY OF MORTGAGE INTEREST FOR LANDLORDS From 1 April 2024, landlords may claim back 80% of the
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Probationary and Trial Periods: What’s the difference?
In our last Newsletter we covered the imminent changes to employment law flagged by the incoming Government. One of the most significant of these was the extension of the 90 trial period to all businesses, not just those with fewer than 20 employees. It will be interesting to see if this change will have any
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Should you make a new Will if you and your spouse separate?
If you are a client, it is likely that you will have heard from us about why you should have a Will. Sometimes changes to your life or family circumstances require a revision to the Will and this can be overlooked. It is not at all surprising that this can happen as the types of
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The Law Lowdown – AUTUMN 2024
Catch up on all the news and information in this edition of The Law Lowdown Inside this issue: Download your copy here
The Law Lowdown – AUTUMN 2024 Read More »
Change to Trustee Tax Rate – Is a Trust still useful?
The Government announced a proposed increase of the trustee tax rate (from 33% to 39%.) in Budget 2023. This change, due to take effect from 1 April 2024, would set the rate at which trustee income is taxed at the same as the topindividual tax rate. The intention here is to prevent taxpayers from achieving
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