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The Law Lowdown – WINTER 2024
Catch up on all the news and information in this edition of The Law Lowdown Inside this issue: Download your copy here
How engaging a reputable mortgage broker can help alleviate mortgage pressures in New Zealand
For many families in New Zealand, mortgage pressures can strain finances and relationships. High or rising interest rates, changing economic conditions, and unforeseen personal circumstances can make managing mortgage payments challenging. We have dealings and contact with a number of mortgage advisers (previously known as brokers), and in this article we explore some of the issues and identify things you should take into account in considering whether to engage one. FINANCIAL ASSESSMENT Understanding your financial circumstances is a key focus
Practical steps to avoid financial difficulties after the death of a partner or spouse
The death of a partner or spouse is an emotionally challenging time, often compounded by the practical difficulties of managing finances and paying for expenses. Understanding how joint accounts work and the requirements of obtaining probate can help streamline financial matters during such times. In running a busy Estates practice, we often see things happening where delays and extra costs are incurred when they might have been avoided. So we thought it could be helpful to identify some of the
Understanding the brightline tax test
The Brightline tax test is a crucial part of New Zealand’s property taxation framework, designed to curb property speculation and ensure that profits from quick property sales are taxed appropriately. Introduced in October 2015, the test has undergone several changes, reflecting the governments’ ongoing efforts to stabilize the housing market and address affordability issues. The new Coalition Government brought in changes to the Brightline test with effect from 1 July 2024. HOW DOES IT WORK? The Brightline test determines whether
Buying a business in New Zealand: key considerations
Buying a business in New Zealand can be both exciting and stressful. It marks the start of a new adventure, but usually involves some uncertainty and risk. START A NEW BUSINESS INSTEAD? An existing business should offer an established customer base and cashflow. However, you also inherit existing challenges and may need to make changes to align the business with your vision. Starting a new business allows you to develop everything to your specifications but requires new customers and establishing
The Law Lowdown – AUTUMN 2024
Catch up on all the news and information in this edition of The Law Lowdown Inside this issue: Download your copy here
