Published 8th May 2019 by Dairy Women's Network
Dairy women throughout New Zealand are about to get another boost to their dairy operations with a new partnership between New Zealand’s largest networks of Chartered Accounting firms, NZ CA, and the Dairy Women's Network.
NZ CA is an association of 29 of New Zealand’s leading Independent Chartered Accounting firms that has a strong rural presence and good understanding of agribusiness while the Dairy Women's Network is a not for profit organisation with a focus of supporting woman in dairying in New Zealand to be the best they can be both on and off farm.
Published 11th March 2019 by Duncan Cotterill
On Wednesday (22 August 2018), the Overseas Investment Amendment Act 2018 (Amendment Act) became law. The new laws will come into force on or before 22 October 2018. The Amendment Act brings “residential land” within the existing Overseas Investment Act, such that any overseas person who wishes to buy or lease residential or lifestyle land (of any size) will, in almost all cases, need to apply to the Overseas Investment Office (OIO) consent.
A general overview of the new residential land provisions is contained in our separate update: New OIO laws bring changes for residential land, forestry and horticulture. This update contains more detail on how the changes will impact on the property development sector.
Published 25th February 2019 by nsaTax Limited
The much-anticipated final report of the Tax Working Group (TWG) was released on 21 February and, unsurprisingly, recommended the introduction of a broad-based, realised capital gains tax regime. The Final Report is substantial at two volumes and 206 pages, 94 of which are dedicated to a discussion on a capital gains tax (CGT) regime.
Whilst there are some changes from the Interim Report released last September, the recommendations are substantially the same as those contained in that report. Interestingly, only eight out of eleven of the TWG members support the introduction of a comprehensive CGT regime.