The PLS runs occasional webinars on topics of interest to property practitioners. These are usually co-hosted with our partners, Toitū Te Whenua Land Information New Zealand and Legal Executives New Zealand, or other government departments with whom we have stakeholder relationships.
Te Tari Take Inland Revenue (IR) is presenting a livestream webinar in association with the New Zealand Law Society | Te Kāhui Ture o Aotearoa’s Property Law Section (PLS) and Legal Executives New Zealand | Rāngai Hāpai Ture o Aotearoa (LENZ).
Join Jayshree Khushal, Technical Specialist and Melissa Siegal Policy Advisor - both members of the IR Property Network, to learn more about the recent property tax law changes. Duncan Terris, PLS representative on IR’s External Reference Group - Housing, will facilitate the webinar, which will allow interactive questions and can support up to 1 hour of CPD.
The session will provide information on the recent changes to the bright-line rule, describe tools and processes IR has put in place to proactively support potential bright-line customers and in particular, will focus on:
*How to avoid the common mistakes / incorrect assumptions currently being made by customers, and tax and legal intermediaries in applying the right-line rule exemptions
*Changes to the main home exclusion; providing some apportionment calculations and examples
*Ownership transfers, including:
-Transfers from parents to their children and implications of the ‘Bank of Mum & Dad’
-Considerations relating to family trusts and bare trusts
Lawyers and legal executives who are looking to update their knowledge in this challenging area.
Tuesday, 16 August 2022
11 – 12.00pm + up to 15 minutes Q & A
Register here by 15 August at 4 PM.