Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Destruction and leases

What is happening in Christchurch is impacting on the New Zealand property industry in all sorts of ways.  One of these is the debate regarding contractual obligations between the parties.  Most leases inadequately deal with the situation in Christchurch.  Whilst they may deal with partial destruction and total destruction they do not adequately cover many…

Unit Titles Act 2010 Developers and Disclosure

Unit Titles Act 2010 Developers and Disclosure The impact of the Unit Titles Act 2010 on developers Disclosure requirements in general are introduced in a previous blog.  What follows is an analysis of the specific implications for developers and the additional “turnover disclosure” that is relevant when a development is completed.  Pre-contract Disclosure Pre-contract disclosure…