The rate of GST is changing on 1 October 2010 to 15%. Get this wrong and it could cost you dearly, especially if you are purchasing or leasing property. This short note covers a couple of important situations that could save you money, in terms of the New Zealand GST Transitional Rules. First we consider the situation where you purchase a property now, but the contract does not become unconditional until after 1 October 2010. This is likely to happen more and more frequently as the time gets closer to 1 October 2010, and will be something to watch out for if you are in the market for a house. This will only apply if you are purchasing from a registered vendor.
Christchurch CBD
PHONE: +64 3 348 8480
PHYSICAL ADDRESS:
Level 1, 60 Cashel Street
Christchurch 8013, New Zealand
POSTAL ADDRESS:
PO Box 744
Christchurch, 8140, New Zealand
Christchurch – Riccarton
PHONE: +64 3 348 8480
PHYSICAL ADDRESS:
1 Rimu Street, Riccarton,
Christchurch 8041, New Zealand
POSTAL ADDRESS:
PO Box 8020, Riccarton,
Christchurch, 8440, New Zealand
Rolleston
PHONE: +64 3 348 8480
PHYSICAL ADDRESS:
Level 1, 80 Rolleston Drive,
Rolleston, 7614, New Zealand
POSTAL ADDRESS:
PO Box 8020, Riccarton,
Christchurch, 8440, New Zealand
Hokitika
PHONE: +64 3 755 8673
PHYSICAL ADDRESS:
127 – 137 Revell Street,
Hokitika 7810, New Zealand
POSTAL ADDRESS:
PO Box 44,
Hokitika 7842, New Zealand
Auckland
PHONE: +64 9 930 4340
PHYSICAL ADDRESS:
Level 7, 50 Albert Street
Auckland, 1010
POSTAL ADDRESS:
PO Box 8020, Riccarton,
Christchurch, 8440, New Zealand
Parry Field Charitable Foundation
© Copyright – Parry Field Lawyers | Privacy Policy