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Many of you will be aware that the Government have changed the rules on gift duty, repealing gift duty legislation from 1 October 2011.  The effect of this is that IRD will no longer have an interest in gifts made after this date, as the..

For most clients, 1 April signals the start of the new year for business and tax purposes, and the month of March brings opportunities to minimise tax and maximise cash surpluses for the coming year.  In order to implement any opportunities, first a business must..

The recent Australian Budget announcements include a significant rule change which will affect any New Zealanders whom hold property investments in Australia. Specifically, the 50% discount which was available when calculating capital gains tax on property that has been held for more than 12 months..

An interesting case has recently been handed down from the courts. This case now provides parents with the rights to strip their children of inheritances. The judgment goes against what was previously believed good law. To date, we have all thought that parents owe a duty..

The 2012 tax year began on 1 April 2011 for most taxpayers and with it new tax rules in relation depreciation on buildings and LAQCs finally came into force.  We have written a number of times on the potential impact these rules may have on you..

As I have said on several occasions, property and stock markets react much faster than local businesses to bad news. The property sector and stock market wear the downside of recession very quickly, as does the entire supply chain underneath these sectors of the economy...

For most clients, 1 April signals the start of the New Year for business and tax purposes, and the month of March brings opportunities to minimise tax and maximise cash surpluses for the coming year.   A well known quote is “if you fail to..

Since announcing in May that the LAQC regime was going to be the subject of an overhaul, the property investment community has been anxiously awaiting the Government's follow-up to the Issues Paper released at the time.  On Friday 15 October 2010 draft legislation was released. ..

As you can imagine, we see lots of different types of trust deeds here at GRA. Despite there being a variety of deeds around, there are some common provisions we like in all our clients' deeds of trust. One of these provisions relates to decision..