Category: Property

If you’re trying to proceed with a property settlement during COVID-19 Alert Level 3, Amanda Morgan, Director at Henderson Reeves Lawyers, explains what you need to know, and a few things to keep in mind.

If you’re caught in the middle of a property settlement while the COVID-19 lockdown and subsequent lower alert levels are in place, here’s what you need to know.

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.