The new Trust Act 2019 is now in force. As such, Trustees must now advise ALL beneficiaries of the Trust that they are beneficiaries and let the beneficiaries know that they may ask the Trustees for information about the Trust. NEW IRD REPORTING REQUIREMENTS FOR TRUSTS At the end of last year, the Government passed the Taxation (Income Tax
News
Wendy Hampton’s Story
To give you more of an insight into Horrocks Hampton’s owner, Wendy Hampton, we askedher to briefly share a bit about her background and career — you can read it below… “I emigrated to New Zealand from England in my early 20s and after working in retail andhospitality – where I learned the importance of customer service to a business — I decided
Urgent note to our Trust clients
We have now contacted almost all our Trust clients. If we have not contacted you yet please read the following and contact us: The new Trusts Act comes into force in just over 5 months and it is imperative you URGENTLY contact us to discuss your trust options before the Act comes into effect and you are subject to the new provisions. Your
Enforcing land covenants when a neighbour is in breach
How do you enforce land covenants when a neighbour is in breach? Good question. A land covenant is a document that creates a legal obligation to do – or not to do – something in respect to a property. It is registered on a record of title of a property. Land covenants can cover a variety of matters, such as what materials you can use in your
The Residential Tenancies Amendment Act 2019
The Residential Tenancies Amendment Act 2019 (“RTAA”) was passed on July 30, 2019 and came into effect on August 27, 2019. The RTAA addresses key issues that have implications for both landlord and tenant and includes the following: tenant liability for damage, insurance, contamination of premises and unlawful residential premises. Tenant
The new Trusts Act 2019 — do I still need a Trust?
You may have heard the new Trust Act 2019 (“the new Act”) has recently been passed and comes into force on 30 January 2021. The Act applies to existing and new Trusts. If you have a Trust or are a Trustee, it’s really important you know about and understand these recent changes and how they affect you. The recent changes make trust law more
