The key point to take away from the recent Penny & Hooper decision is not to push the boundary when restructuring.
Land Zero Rating
By now you will probably be familiar with the new rules that apply to the transfser of land for GST purposes. These rules, which came into effect on 1 April 2011 zero rate most transfers of land that are made from one registered person to another. These rules are referred to as the compulsory zero rating (CZR) rules.
Capital Gains Tax
Labour has announced its intention, if elected, to introduce a capital gains tax in New Zealand at 15%, with a carve out for your principal home. Many people have asked me what this would mean.