The Government's property Bright-line tax reforms were announced earlier this year. The most significant being the doubling of the Bright-line Test effective timeframe from five to ten years. This reform will impact residential properties acquired on or after 27 March 2021, where properties do not qualify for a “main home” exemption i.e., investment properties and holiday homes.
A shareholders’ agreement is often the most important document for a company – especially a start-up company. They set out the rights and obligations of shareholders, how the business is structured, controlled, and governed. And whilst entering into a new opportunity is exciting, and everyone is feeling optimistic about the future, sometimes things don’t go as planned. And this is why a well-written shareholders’ agreement can be so valuable, on the off-chance things do go awry.
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Kawerau
1 Jellicoe Court, Onslow Street, 3127 PO BOX 150, Kawerau 3169 Phone: 07 323 8612 Fax: 07 323 6629 Email: kawerau@hamertons.co.nz |
Whakatāne
71 McAlister Street, Whakatāne 3120 PO Box 601, Whakatāne 3158 Phone: 07 307 0680 Fax: 07 307 0225 Email: reception@hamertons.co.nz |
Ōpōtiki
32 King Street, Ōpōtiki 3122 PO BOX 444, Ōpōtiki 3162 Phone: 07 315 6314 Fax: 07 315 7737 Email: reception@hamertons.co.nz |
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