RELATIONSHIP PROPERTY & THE PROPERTY RELATIONSHIPS ACT.
The end of a relationship is usually a difficult time. The division of personal and business assets add considerably to the human and financial cost of the process. New Zealand law has well established laws around the division of relationship property. This is because of the establishment of the Property Relationships Act 1976.
With many years of accounting experience, we are skilled in advising clients at such difficult times and as such are well placed to provide expert evidence to solicitors. Typical issues are the valuation of business entities, trusts and often shareholder current accounts. Often, simply calculating the total costs of the assets to be divided can be a monumental task.
While the basic principles of business valuation are the same for relationship property, there are some key differences. Relationship property issues require a detailed understanding of the process. There are also specific issues connected with relationship property to consider. With extensive experience of the requirements under the Property Relationships Act, we are extremely well placed to assist in property division. Recognised for our expertise in the matter, we have previously presented on relationship property valuation issues to New Zealand Law Society members.
We are here to provide independent and unbiased advice, whilst aiming for the best possible outcome for our clients. To find out more contact the team at Nairn Fisher today.