Commercial property updates

Recent changes to tax and purchase price allocation under the Income Tax Act 2007
6 Aug 21

The Income Tax Act 2007 now includes a standard mechanism to allocate the values of assets in certain transactions. The Income Tax Act 2007 was recently amended pursuant to the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 to insert a ...

Anderson Lloyd sole author of the 2021 Chambers Global Practice Guide – New Zealand Real Estate chapter
28 May 21

Our Property Team is proud to have contributed as the sole author of the New Zealand chapter of the Chambers and Partners 2019, 2020  and 2021 Global Practice Guides on Real Estate. Read our most recent analysis of New Zealand Real Estate law here.  Click here ...

Year in Review – 2020 property case law developments
31 Mar 21

Check out our Property Team's summary of significant property case law developments across 2020 in our second edition of Real. below:  

Government housing policy changes
25 Mar 21

On 23 March 2021 the Government released a number of housing policy changes targeted to increase the supply of houses and decrease residential property investor demand. The policies include changes to interest deductibility, an extended bright-line test period, a new $3.8 billion "Housing Acceleration Fund" ...

COVID-19: New government support for landlords and tenants
15 Apr 20

In response to the ongoing COVID-19 Pandemic, on 15 April 2020 the Government announced new measures to support commercial landlords, tenants and property owners with mortgages. These changes are summarised below. Commercial lease cancellation Under the Property Law Act 2007 (Act) in its current form, ...

Guidance note for property settlements during the Level 4 lockdown period
30 Mar 20

At 11.59pm on Wednesday, 25 March 2020, New Zealand moved into Alert Level 4 as a response to the novel coronavirus, Covid-19, putting almost everyone in lockdown and leaving many with uncertainty in respect of property settlements that are scheduled to take place within the ...

Effect of COVID-19 on leases
25 Mar 20

As the impacts of the COVID-19 pandemic continue to grow all businesses will need to consider its current and future impacts on their commercial position. A key commercial arrangement for many businesses is their leases. As we enter into a period of "lock down", businesses ...

Anderson Lloyd Property Team authors Chambers and Partners 2019 Global Practice Guide on Real Estate
16 Jul 19

Our industry leading Property Team is proud to have contributed as the sole author of the New Zealand chapter of the Chambers and Partners 2019 Global Practice Guide on Real Estate. Chambers and Partners is often referred to as ‘the gold-standard’ in independent legal research ...

Lapsed consents and tax implications
3 Dec 14

The global financial crisis slowed the implementation of many consented developments around the Queenstown Lakes district. Over that period of inactivity many resource consents would have lapsed. The Inland Revenue Department (IRD) are now undertaking an investigation and have obtained information regarding lapsed consents from ...

Land Use Recovery Plan Released
9 Dec 13

The Land Use Recovery Plan (LURP) has been approved by the Minister for Canterbury Earthquake Recovery and takes effect on 6 December 2013. It is a significant document for anyone wishing to develop in the Greater Christchurch area and sets the scene for future communities. ...

The New NZS 3910:2013
28 Nov 13

Introduction On the 1st of October 2013, NZS 3910:2013 Conditions of Contract for Building and Civil Engineering Construction was released by New Zealand Standards. This is the first in a suite of documents to replace NZS 3910:2003. NZS 3916:2013 Conditions of Contract for Building and ...

For more information contact:

Richard Greenaway