by AlexanderDorrington | Oct 7, 2021 | Blog, Building, Unit Titles
When undertaking a major unit title redevelopment, you must first obtain the consent of all owners materially affected by the redevelopment. Then pass a special resolution (designated resolution) agreeing to the new unit plan (section 68(3) of the Unit Titles Act 2010...
by AlexanderDorrington | Jul 11, 2021 | Blog, Building, General property Law, Sale and Purchase
In March 2021, the Government announced two law changes: Residential property investors are now prevented from writing off interest as an expense when paying tax; and The bright-line test was extended from five to ten years, so that investors who buy and sell...
by Marina Sardelic | Jul 7, 2021 | Blog, General property Law, Sale and Purchase
The IRD sees consistency as key The historical issue In the past, the IRD had concerns with vendors and purchasers taking differing tax positions on the values allocated to mixed assets in relation to sale and purchase transactions. Especially where Purchase Price...
