Comments on: Dastardly Duty may be Demolished http://www.talktax.co.nz/index.php/2010/06/24/gift-duty-abolition/ A Blog for Tax and Accountancy professionals Wed, 01 Feb 2012 20:28:28 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: David Hayes http://www.talktax.co.nz/index.php/2010/06/24/gift-duty-abolition/comment-page-1/#comment-187 David Hayes Tue, 02 Nov 2010 00:28:36 +0000 http://www.talktax.co.nz/?p=753#comment-187 And there may be relationship property issues. The gifting program during a relationship has been argued as an asset so if there is no gifting the asset may be safe. However given the Courts recent decisions regarding Trusts being ineffective to protect assets the situation may already be covered so that even if all assets are gifted away the retention of any degree of control over the trust assets (bundle of rights doctrine) will still render them liable to attack. And there may be relationship property issues. The gifting program during a relationship has been argued as an asset so if there is no gifting the asset may be safe. However given the Courts recent decisions regarding Trusts being ineffective to protect assets the situation may already be covered so that even if all assets are gifted away the retention of any degree of control over the trust assets (bundle of rights doctrine) will still render them liable to attack.

]]> By: Israel Porter http://www.talktax.co.nz/index.php/2010/06/24/gift-duty-abolition/comment-page-1/#comment-168 Israel Porter Mon, 27 Sep 2010 21:50:21 +0000 http://www.talktax.co.nz/?p=753#comment-168 Hmmm, that would make NZ quite the tax haven, huh? Hmmm, that would make NZ quite the tax haven, huh?

]]>