[Summer 2012] Many New Zealanders have established a trust and loaned money to the trust for the purchase of assets such as the family home. To avoid paying gift duty, the lenders have entered into gifting programmes under which they have made annual gifts of $27,000 per person per year. The repeal of gift duty… Read More.

[Summer 2012] Anyone considering building or renovating residential dwellings and engaging designers or tradespeople, needs to be aware that from 1 March 2012 there are changes to building laws under section 353 of the Building Act 2004 and the Licensed Building Practitioners Rules 2007 (‘the LBP Rules’). These changes apply to residential buildings including: houses… Read More.

[Summer 2012] With the abolition of gift duty in New Zealand (from 1 October 2011) business people who have family trusts have the opportunity to forgive all debt owed by the trust to them. Essentially it is now possible to make gifts of unlimited value without incurring a duty on them. This allows for a… Read More.

[Winter 2012] As farmland becomes more expensive and rental returns from leasing increase, farm leasing is becoming more attractive and prevalent. Farm owners looking to retire or work less now see leasing as a viable alternative to sale. Leasing provides a fixed income and protection against the inevitable fluctuations in return in the farming sector.… Read More.

[Winter 2012] It is worthwhile reviewing the risks of defamation in the electronic age, as some people have the misconception that the rules of defamation don’t apply to the internet. Another common misconception is that defamation is only relevant to the rich and famous and need not concern ordinary folk. By way of general background… Read More.

[Winter 2012] Good governance must include legal compliance, business competence and ethical standards. The prosecution of directors for their part in finance company collapses has highlighted these essentials. The key question with all board decision-making is not what can be done? but what should be done? Corporate governance involves a set of relationships between a… Read More.

[Winter 2012] Common sense says that before you sign a contract, you should read it and make sure you understand what you are signing. You may be surprised to learn how infrequently this happens. This is especially so when the contracting parties have an established trading relationship. In a High Court case in Palmerston North,… Read More.

[Spring 2012] Credit and debt control is increasingly important for businesses in these hard economic times. Unfortunately, there are just some people who either refuse to pay or are unable to pay for goods or services they use. However, businesses need not necessarily ‘write off’ bad debts or put them down to ‘experience’. This article… Read More.