Category: Property

On 29 March 2018, a change to the “bright-line test” for tax on capital gains from residential property came into effect. The change extends the bright-line test from two to five years. It is intended to dampen property speculation and make New Zealand homes more affordable, by making it less appealing for speculators to make ‘quick bucks’ buying and selling homes.

Purchasers have a right to inspect the house prior to the settlement date. The pre-settlement inspection is to see that the house is as it was when the agreement was declared unconditional.

Ian Reeves explains how the bright-line test and Residential Land Withholding Tax rules could affect you when selling land in NZ.

When you are looking at buying a house there are different sales methods that a real estate agent can use on behalf of the vendor.

Cross lease titles are fairly common in New Zealand, but the complexities involved mean you should think twice before purchasing a cross lease.

Make sure you’re aware of the implications of a ‘cash-out clause’ in your property sale and purchase agreement.

With over 40 years’ experience as a lawyer, I have a few thoughts on selling houses, and whether you should sell your house privately, or use a real estate agent.

A buoyant property market has a number of implications for people looking to buy or sell.