Welcome we have upgraded our Blog

Welcome to the upgraded PGL blog.

We want this to be a forum for some positive observations and comments rather than too much of the grizzles and gripes.

What are the issues that really concern you? What tends to get you more excited than anything else? (be polite…).

Let me start the ball rolling. One of the things that really annoys me is the lack of respect for other people that we see exhibited today. So many people are running around so busy and so out of control that all they seem to do is bark out “orders” to other folk who are simply trying to do their best. They don’t take the time to properly consider things or to stop and see that they are in fact their own worst enemies. I am sure you all know the type. What do you think? Do you think that we have lost a lot of basic respect for one another?

Change to Trustee Tax rate – is a Trust still useful?

The Government announced a proposed increase of the trustee tax rate (from 33% to 39%) in Budget 2023. This change, due to take effect from 1 April 2024, would set the rate at which trustee income is taxed at the same as the top individual tax rate. The intention here is to prevent taxpayers from

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Know your obligations before signing up to a conditional house purchase

An example of the critical importance of purchasers understanding their obligations under conditional sale and purchase agreements is the Strack v Grey case. (Strack v Grey [2019] NZCA 432) What Happened Essentially Grey, an Otago businessman who owned a property in Mosgiel, wanted to buy the Strack’s property in Dunedin. Grey wanted to put in

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