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 […]
Understanding the brightline tax test Read More »
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
Upcoming changes to Property Tax and Tenancy laws Read More »
You can change friends but not neighbours … or so the saying goes. So it’s all the more important to try to maintain friendly – or at least cordial relations with your neighbours. When it comes to boundary fences, theserelationships can come under additional pressure, so it’s important to do things well and to understand what
Fencing – Get it Right Read More »
An example of the critical importance of purchasers understanding their obligations under conditional sale and purchase agreements is the strack v grey case. (strack v grey [2019] Nzca 432) WHAT HAPPENED Essentially Grey, an Otago businessman who owned a property in Mosgiel, wanted to buy the Strack’s property in Dunedin. Grey wanted to put in
Know your obligations before signing up to a conditional house purchase. Read More »
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