Trust Act 2019

The Trusts Act 2019 was almost 20 years in the making and reflects a changing social paradigm regarding privacy and secrecy. However, when viewed objectively, the new language and the drafting reflect the premise behind the Trusts Act, which is to make trust law more...

Property sales on IRD radar

Buying or selling a home? You’ll now need to provide your IRD number as part of the transaction process. The change will allow IRD to know who’s flipping owner-occupier homes on a regular basis, and better enforce the existing law that ensures people pay tax on the...
Capital Gains Tax Ruled Out

Capital Gains Tax Ruled Out

The current Labour-led Coalition Government will not proceed with the capital gains tax recommended by the Tax Working Group. The Prime Minister, Jacinda Ardern, said that the three parties in Government had been “unable to find a consensus”. She expressed regret that...