07 Oct Conveyancing – Options when purchasing a new home or property!
Posted at 00:58h
in Auckland law firm LEGAL TIP of the Week
When purchasing a residential property, you can either purchase the property in your personal name/s or in another entity, for example a family trust.
Family trusts have asset protection and numerous other advantages and are often used to own property.
The abolition of gift duty from 1 October 2011 now makes it even more attractive to purchase and hold property and other assets in a trust.
If you require more information in this regard, please contact the conveyancing team at Auckland law firm Quay Law on ph (09) 523 2408 or email quaylaw@quaylaw.co.nz