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Prior to the inception of the bright-line rule, it was relatively common practice to restructure the ownership of residential property to get better asset protection, estate planning and tax outcomes, or when circumstances changed. For example, you might convert an existing home to being a..
Read ArticleLast month I received some great questions in my 'Ask Mark' series on Property Ventures’ Facebook page (propertyventuresnz). One of them was a very important "back to basics" question: What factors do you take into account to consider a property to be good for investment?..
Read ArticleWhat's the Difference Between General Powers of Attorney and Enduring Powers of Attorney
by The Professional Trustee Team 24 Feb 13Today's topic says it all: What is the difference between General Powers of Attorney and Enduring Powers of Attorney? Listen in and I will explain. I hope you enjoyed my short video blog..
Read ArticleIncompetence? Dodgy dealings? Laziness? No - it's the IRD. If someone was running around hitting people over the head with sledgehammers just for the sake of it, you'd be right to be concerned. And concerned we are, because that's exactly what the IRD have been..
Read ArticleLast week a friend of mine unexpectedly passed away. His passing left behind many family members and friends in great pain. It also resulted in quite a nightmare when it came down to dealing with his business and his personal assets. Since this is a..
Read ArticleEven before Winston Peters made his announcement that he would form a coalition government with Labour, we were seeing some disturbing trends in the banking sector. You need to be aware of these if you are looking to buy a home or investment property. There..
Read ArticleFrom my personal experience over the years, I have learnt that the best time to buy properties is towards the end of November, December and January. Towards the end of November most vendors are looking at offloading their stock to avoid holding costs, as the..
Read ArticleIt is a common misconception that you have to live with someone for three years or more, and they have to make a direct contribution to the assets acquired during the relationship, before they're entitled to bring a relationship property claim. Possibly this mistaken belief..
Read ArticleThe tax changes recently announced by the Labour Government have left many property investors feeling unsettled. So I thought it would be helpful to discuss the current property market, the impact of the rules, and what you should be doing to manage this new environment. The..
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