Designation notice improves the management structure options for communal facilities

What’s not to love about modern user-friendly legislation? Nearly a year ago the need to set up Incorporated Societies in order to manage communal facilities on a property development, became a thing of the past.   Incorporated Societies have their place but they...

Tax collection

Next year lawyers will be required to retain tax on sale proceeds and pay the tax straight to the Inland Revenue Department. They will need to do this when: •    an off-shore person (some Kiwis will be caught) •    sells residential land •    they have acquired since...

The Death of Common Sense

“It’s the death of common sense,” he said leaning on my doorframe, frustration etched on his face.  This was the third visit – trying to provide information to the bank suitable to meet anti-money laundering requirements; – so he could get online...