In March 2021, the government announced three changes to property tax rules that are likely to affect anyone with residential property investments. The changes include extending the bright-line period from five years to 10 years, changing the main home exemption ‘test’ and removing the ability to deduct mortgage interest from rental income. Changes to […]
When a couple separates, there is sometimes a major dispute when parents or caregivers can’t agree on the care arrangements for their children. Communication has broken down and mediation hasn’t worked, so one parent (or both) applies to the Family Court to decide the details of the children’s care. What does the Family Court take […]
Treat your friend as if he might become an enemy (Publilius Syrus, 85-43 BC) Social media is a very powerful marketing tool. If used and managed properly, platforms like Facebook, Instagram and Twitter can be a brand’s best friend. If not managed properly, however, social media platforms can be a brand’s enemy. They can, […]
In September 2020, the Supreme Court released its keenly anticipated decision in the Debut Homes case[1]. This decision illustrates the risks for directors where a company is experiencing irrecoverable financial distress. […]
When trustees incur expenses, they are not expected to be out of pocket in carrying out their responsibilities. Trustees are entitled to use trust money or to get a refund from the trust fund if they incur expenses in carrying out their duties. Trustees’ expenses, however, must be fair and reasonable. […]
The current combination of increasing living costs, rising house prices and low interest rates has seen more than property-seekers signing up to home loans. On the other side of the coin, some older homeowners are seeking ‘reverse mortgages’ from their lenders in order to release the growing equity in their property. What is a reverse […]
Today Georgia Vine joined the BMC team. Georgia is the new Receptionist at the Kapiti office. Welcome Georgia, its good to have you on board! […]
We are pleased to welcome Alice Back to the Litigation and Family Law team. Alice graduated from Otago University in 2020 with a double degree in Law and Arts majoring in Sociology. She will be admitted as a Barrister and Solicitor in March. Welcome to the team Alice. […]
BMC Lawyers would like to advise clients, collegues and business friends of some changes to our senior staff effective from 1 July 2020. […]