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Associated Persons: Update

by Matthew Gilligan 14 Jul 09

The much talked about new Association Rules are back before Parliament and unfortunately for those in the business of dealing in or developing property or erecting buildings, the Bill has not been substantially changed. The new expanded definition of association has largely survived the Select..

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Dangers of Bargain Mortgagee Deals

by Matthew Gilligan 20 Jun 09

A recent article by the NBR concerning the wilful trashing of the former family home of bankrupt Merlot Homes director Stuart Herron, which recently sold at mortgagee auction, raises some interesting issues. To summarise the story, in the four weeks between the auction hammer falling and..

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As a structuring adviser to investors and business people, one very common mistake with many  business and property structures is a spouse being offered as a guarantor to the banks, landlords or creditors of a business. Their personal guarantee is often not required to get a deal done,..

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Hawkins Clause and Protecting Your Home

by Matthew Gilligan 09 May 09

As accountants we are often asked, "What can we do to manage the exposure of our affairs to banks, as we increase our business or property borrowing?"There are lots of things you can do to reduce the effectiveness of bank securities and protect yourself from..

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Partnership really means two or more people or entities coming together in a common undertaking or enterprise.You can trade your partnership through various trading vehicles including companies/LAQCs, joint ventures, general partnership, special partnerships, limited partnerships, or trusts. Each trading vehicle should have an agreement created..

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Important Interest Rate Commentary: 1 May

by Matthew Gilligan 28 Apr 09

First of all with the OCR announcement this week, what about interest rates? What will the banks do and what should you be thinking about at present? You will remember in my newsletter on interest rates just over a month ago, I suggested that you consider..

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In a welcome development for taxpayers, the Minister of Revenue, Peter Dunne, has recommended to the Finance and Expenditure Select Committee considering the new associated persons rules (for dealers in land, developers, and builders) that the implementation date of these rules be delayed. To recap,..

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As I have said on several occasions, property and stock markets react much faster than local businesses to bad news. The property sector and stock market wear the downside of recession very quickly, as does the entire supply chain underneath these sectors of the economy...

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Matthew I have to say that I regret not getting into your Property 101 book earlier as it is so very readable and practical.  And the case studies really bring the material to life. - G. Cleland - November 2015

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