The Bright Line Test was introduced as part of the Taxation Act 2015. It requires income tax to be paid on any gains from residential property that is disposed of within two years of acquisition, subject to some exceptions.,,
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On Thursday15th March 2018, the sold-out event returned to Auckland’s Waitamata Harbour in its best form yet.
DetailsYou will have seen media reports of expected changes to the Overseas Investment Act. They implement the government’s plans to restrict the sale of houses to people who are not New Zealanders. The submission period has been extended and submissions close 16 February 2018, so there’s time to have your say if you would like…
DetailsWe are pleased to announce the Property Council AlexanderDorrington Regatta is back! The last time we were on the water for this Regatta was 10 years ago. Either bring along your own boat, or borrow one of the boats along with the skipper from the Royal New Zealand Yacht Squadron. The afternoon will include a…
DetailsHoliday season and a new year gets many of us thinking about those important jobs we need to get to. If you haven’t already made a will; you may want to add this near the top of your list. A will is one of the most important legal documents you ever put in place. However, many people…
DetailsTime lapse video of our office on settlement day. Bonnie Warburton’s behind the scenes glimpse at five crazy days. Attempting to settle 270 apartments on one day is no easy task and not for the faint hearted. Whilst the pressure of the SugarTree settlement at times was enormous, the satisfaction at the end…
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Commercial uses for drones Dr Catherine Ball is a world leader in the non-military application of drone technology. She highlighted some really important issues for property owners at The Property Council New Zealand National Conference held in Melbourne, 13-15 September. Firstly it’s important to note that there are all sorts of drone use…
DetailsThere is a lot of discussion around the physical design of subdivisions and how that impacts the community that is created and the ultimate owners’ use and enjoyment of the land. The legal design is just as important. Recent agreements I have reviewed for some new developments cause me concern as to what we…
DetailsOn Monday 16th October our team handled settlements for close to 250 apartments and 30 carparks. This huge piece of work was undertaken for property development client, SugarTree. It is the second stage of a three phase development which bridges the suburbs of Ponsonby, Grey Lynn and Freemans Bay with the hub of the inner…
DetailsWhat’s not to love about modern user-friendly legislation? Nearly a year ago the need to set up Incorporated Societies in order to manage communal facilities on a property development, became a thing of the past. Incorporated Societies have their place but they require a minimum of 15 members, a common seal and are governed…
DetailsA deposit amount is a matter for negotiation between the parties. Whilst the customary figure is 10% it need not always be the rule. The Auckland District Law Society and Real Estate Institute of New Zealand Agreement for Sale and Purchase template (ADLS Agreement) provides that a vendor can retain a maximum 10% deposit when…
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We are delighted to have been nominated as a finalist in the New Zealand Law Awards 2017. The New Zealand Law Awards are the leading independent honours celebrating excellence in the legal profession. They recognise the outstanding achievements of firms, in-house teams and other industry professionals across New Zealand. Our category, ‘Property & Construction Specialist Law…
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