Private client and trusts updates

New Trusts Act 2019 – Frequently Asked Questions by our clients
26 Aug 20

The Trusts Act 2019 (Act) comes into force on 30 January 2021 and makes a number of changes to trust law in New Zealand. It will have an impact on existing and new trusts. Some of the key changes include; the introduction of five mandatory ...

The arrival of the Trusts Act 2019
6 Aug 19

After much anticipation, the Trusts Bill obtained Royal assent on 30 July 2019, the final stage in becoming an Act of parliament, and is now the Trusts Act 2019 (the Act). The Act makes important changes to trust law in New Zealand and replaces the ...

Be aware of new residential land withholding tax implications
25 Jul 16

Residential land withholding tax (RLWT) came into effect on 1 July 2016.  The RLWT regime is part of a suite of recent regulatory reforms that relate to residential property transactions. The reforms already in place include: The introduction of a "bright line" test which requires ...

Changes to the Residential Tenancies Act
10 Jul 15

Building and Housing Minister Dr Nick Smith announced on Thursday 9 July that the Government is proposing to amend the Residential Tenancies Act 1986 to improve rental standards and tenancy services. For many landlords the proposed changes will be significant. The proposed changes are: a ...

New Tax Rules for Buying and Selling Residential Property
18 May 15

Yesterday Prime Minister John Key confirmed that this week's Budget will include a number of new tax rules for people buying and selling residential property. Most significantly, the rules will include: Requiring non-residents and New Zealanders buying and selling property (other than their main home) ...

For more information contact:

Richard Greenaway

richard.greenaway@al.nz