HomeLegal - HomeLegal Level 5/45 Knights Road
Property Lawyers | Trusted Legal Advice Wellington | HomeLegal - Homelegal.co.nz
If you're looking to buy or sell property in NZ, talk to our property conveyancing Lawyers at HomeLegal today for expert legal advice!
About HomeLegal
The Overseas Investment Amendment Act 2018 comes into force on 22 October 2018.
This Act amends the existing legislation in relation to overseas investment so that residential land (including lifestyle land) will now be classed as “sensitive land”. The act is intended to substantially limit the ability of non-New Zealand citizens to purchase residential property.
If you are a New Zealand Citizen (based either in New Zealand or overseas), then the changes do not affect you.
If you are not a New Zealand citizen, please let us know immediately as there are certain rules and exemptions which may apply.
If you are an Australian or Singaporean citizen, please also let us know as there are some limited exemptions for these two countries.
An overseas person must be “ordinarily resident in New Zealand” to purchase residential land.
If you are not a New Zealand citizen, then you must hold either a New Zealand, Australian or Singaporean permanent resident visa – please note that this does not include work or student visas.
You must also meet all of the following criteria:
you must have been residing in New Zealand for at least the last 12 months;
- you must be a tax resident in New Zealand; and
- you must have been present in New Zealand for 183 days or more in the last 12 months.
These changes come into force on 22 October 2018. Any transactions entered into (meaning the Agreement for Sale and Purchase is fully-signed by all parties) before that date are not affected.
Please contact one of our lawyers if you have any questions.
Contact HomeLegal
| Address : | Forsyth Barr Tower Queensgate, HomeLegal Level 5/45 Knights Road, Lower Hutt 5040, New Zealand |
| Phone : | 📞 +8988 |
| Postal code : | 5040 |
| Website : | http://www.homelegal.co.nz/ |
| Categories : |
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Lysette Byrne on Google
★ ★ ★ ★ ★ Great at helping us buy our first home! Totally recommend
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Lia Billing on Google
★ ★ ★ ★ ★ Patrick gave us great guidance when selling our property was fantastic to deal with.
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Raewyn Ng on Google
★ ★ ★ ★ ★ Totally recommend Sam Walker and the team for making property transactions easy to understand. They will take the stress out of it all for you.
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deanna hinga on Google
★ ★ ★ ★ ★ Highly recommend Home legal for first time home buyers, they made the process quick, easy and jargon free
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Richard Horne on Google
★ ★ ★ ★ ★ Sam Walker from Home Legal is a joy to deal with. I've done a fair bit of business with him over the past few years through my property management company and can confidently recommend Sam's services if you're looking for legal advice and support.
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Carlos De Rivera on Google
★ ★ ★ ★ ★ I had Sam Walker convey my house last year and the process was simple and straight forward. Any questions I had were answered immediately in plain english (bonus) and the final cost was very competitive. One more happy customer.
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Rob Huddart on Google
★ ★ ★ ★ ★ I can’t recommend Homelegal highly enough. Sam and Amanda were superb. We were difficult clients buying our first NZ home. We knew nothing about the NZ process, bought while still in the UK and had a challenging negation. Sam and Amanda were patient, supportive and hugely knowledgeable, not only keeping us on the legal straight and narrow, but coaching us through the process. We are hugely grateful for their support.
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Mel M on Google
★ ★ ★ ★ ★ Process was easy and straightforward. Really appreciated Joella's efficient service and prompt communication.
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