Newsletter
The Law Lowdown – Winter 2023
Catch up on all the news and information in our first copy of The Law Lowdown Inside this issue: Download your copy here
Our Blog
Family Trusts and Estate Planning
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
Conveyancing
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
Conveyancing
Fencing – Get it Right
You can change friends but not neighbours … or so the saying goes. So it’s all the more important to try to maintain friendly – or at least cordial relations with your neighbours. When it comes to boundary fences, these relationships can come under additional pressure, so it’s important to do things well and to
Commercial
Incorporated Societies Act changes in the air – do you need to do anything?
Incorporated societies law needed a face lift. The statute which largely regulates the affairs of the many thousands of incorporated societies in New Zealand was passed in 1908! Since that time the whole sector has grown considerably. These days incorporated societies can be significant operations. The Incorporated Societies Act 1908 simply doesn’t fit well with