Articles by Matthew Gilligan
Wednesday, March 02, 2011

In recent times most have been consumed with the LAQC / LTC changes which are now fast approaching enactment on 1 April 2011.  As a result of this focus it is easy to miss some other significant law changes that have either been enacted or are currently before Parliament.  Changes are on their way for gift duty, GST and eligibility for family assistance.  By way of a broad overview the following is a summation of some of the key changes: 

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Wednesday, November 03, 2010

GIFT DUTY TO BE ABOLISHED
On Monday Revenue Minister Peter Dunn confirmed that the government intends to abolish gift duty.  Earlier this year the Minister had signalled that a review was being undertaken as to whether or not the gift duty regime should be repealed or amended.  Subsequently that review has occurred with the Inland Revenue producing a report assessing the impact of a repeal of gift duty across other governmental and legislative areas.  One of the prime concerns that was raised when the review was announced earlier in the year was whether or not repealing gift duty would have an adverse affect on creditor protection and rules in relation to qualification for social assistance. Contact Us at GRA.  ... Read Article

Tuesday, July 21, 2009

In case you missed it over the weekend, the NZ Herald article on a woman being awarded a share of her husband's 'inherited property' that pre-existed the relationship rewrote some relationship property rules.
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Saturday, May 16, 2009

As a structuring advisor to investors and business people, one very common mistake with many  business and property structures is a spouse being offered as a guarantor to the banks, landlords or creditors of a business.
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