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GST on Property Transactions – Compulsory Complexity
GST is easy – it’s 15%, 0%, or wrong. GST is the most common thing that goes wrong in property transactions, due to a widespread lack of understanding by registered parties and professional advisers.
Providing an incorrect warranty regarding GST registration proves costly
In a recent case, the High Court awarded summary judgement on appeal against a vendor for a breach of warranty in relation to the GST on the sale of land.
Confusion still reigns over Capital Gains
With no comprehensive capital gains tax to be implemented and letters from armchair experts filling the local papers, it is timely to familiarise ourselves with the current laws in relation to capital gains on the sale of land.
Don’t get caught with a NZ tax bill while you are living overseas
Are you leaving NZ permanently, or going on an extended overseas trip? Make sure you know your tax obligations and how to ensure you break your tax residency in New Zealand so you are not welcomed back to New Zealand…
EU TM no deal Brexit
A European trademark registration ("EUTM") covers every member state of the European Union. From 29 March 2019, this may no longer include the UK.
Key staff can cause New Zealand tax headaches for international companies
Are you a director or a key staff member of an offshore business? Did you know that your presence in New Zealand might cause your company to be subject to tax in New Zealand? A company is deemed to be…