by Munro Benge | Jul 27, 2019 | Technical Updates, Trusts
The Trusts Bill (290-3) that was introduced on 1st August 2017, has passed its third reading in Parliament. The Bill now awaits the Royal assent. The Trusts Bill will replace the Trustee Act 1956 and the Perpetuities Act 1964 to make trust law more accessible, clarify...
by Munro Benge | Jun 14, 2019 | Newsletters, Property, Technical Updates
Ceiling and underfloor insulation will be compulsory in all rental homes from 1 July 2019. Landlords who don’t comply with the regulations will be committing an unlawful act and may be liable for a penalty of up to $4,000. What do landlords need to do? 1. Check...
by Munro Benge | May 31, 2019 | Budget 2019, Newsletters, Technical Updates
With the focus firmly on wellbeing measures, Budget 2019 made no new tax announcements. The following tax measures were already revealed in the pre-Budget announcements: GST on telecommunications, and repeal of racing totaliser duty. GST on telecommunications The...
by Munro Benge | May 28, 2019 | Newsletters, Technical Updates
The Court of Appeal has dismissed appeals against conviction by the taxpayers, Honk Barges Ltd, Honk Marine Ltd, Mr Tauber and Mr Webb, and dismissed an appeal against sentence by Mr Webb. The Court of Appeal sided with the High Court Judge’s decision (reported as R v...
by Munro Benge | May 4, 2019 | Newsletters, Technical Updates
The Social Development Minister, the Hon Carmel Sepuloni, released the Welfare Expert Advisory Group Report, “Whakamana Tangata: Restoring Dignity to Social Security in New Zealand” on the 3 May 2019. The report contains 42 recommendations for improving the welfare...
by Munro Benge | Apr 18, 2019 | Newsletters, Property, Technical Updates
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...
