Changes have been made to the tax treatment of lump sum payments under leases such as lease inducement payments and payments made for surrender of a lease. The IRD has looked to rationalise the tax treatment of these various payments to avoid the situations where in some instances the payments […] Read More›
Property
Many people may not realise that any property owner can apply to the Department of Building and Housing for a determination as to whether particular building or construction matters comply with the Building Code or to determine whether a Council has properly exercised its powers in relation to the Building […] Read More›
Landlord or Tenant – who gets the benefit of insurance proceeds when a leased property is destroyed?
A recent decision of the High Court has shown that it is important for Landlord and Tenants to fully understand their respective rights under insurance policies for commercial premises. As is customary under leases, most often the Landlord takes out insurances in respect to the leased premises and charges the […] Read More›
When you are selling your home, it’s almost inevitable that you will be providing certain warranties to the purchaser, about matters such as any work that has been done on the property and that all work and improvements undertaken on the property are certified and compliant with Council regulations. You […] Read More›