New Zealand Gifting and Trust Law – Gift Duty changes as 3rd bill passed in Parliament

Gift Duty Abolished

Wednesday, 17 August 2011, 8:59 pm

Auckland law firm, Quay Law’s trust lawyers have been monitoring the progress of this legislation change.  We are able to bring you this breaking news.

Gift Duty Abolished – Third reading of bill passed in Parliament.

The committee stage of the Taxation (Tax Administration and Remedial Matters) Bill was completed and the bill passed its third reading by 66 to 53 with National, ACT, Maori Party and United Future supporting.

To review the impact of this legislative change, contact our lawyers at Quay Law.  

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