From 1 July 2016, as an extension of the new bright line rules that tax the sale of land sold within two years of the purchase date, some residential property sales will be subject to Residential Land Withholding Tax (RLWT) (and the completion of the relevant Inland Revenue (IR) […] Read More›
Property
The recent introduction of the new Health and Safety at Work Act 2015 (HSWA) has made obligations of landlords and tenants under the legislation a concern for a number of clients. Commercial Landlords and Tenants need to be aware of the following: They will be classed as […] Read More›
The High Court has recently stated that if a Purchaser does not purchase a LIM report the Purchaser is not able to rely on any inaccuracy in a LIM report obtained by another party such as a Vendor in respect to any negligence action against the Council. Essentially the High […] Read More›
A recent High Court case, Mitre10 (New Zealand) Limited v Thistle Dome Holdings Limited, has said that when a landlord sells a property and transfers title to a new owner, the earlier landlord cannot maintain any proceedings about their rights under the lease once title transfers. The Property Law Act […] Read More›