Tax Avoidance Arrangements – Supreme Court Ruling
Much has been made of the recent case Ian David Penny and Gary John Hooper v Commissioner of Inland Revenue [2011] NZSC 95. On first appearances, it seems to undermine a business structure which is commonly recommended by accountants and lawyers for small, closely held businesses. Mr Penny and Mr Hooper are both orthopaedic surgeons ...- "I asked legal planit to assist me with the purchase of an apartment in a ‘yet to be built’ development. legal planit went so much further than just providing me with a summary of the potential issues. They were able to negotiate specific amendments to the contract which provided a fair and reasonable outcome for both parties. Also, in my absence, they were able to overcome some last minute hurdles which meant that the contract could go unconditional. All with the minimum of fuss. legal planit know their stuff, but the thing that I like most about working with them is that you are welcomed as a friend and not just a client."
- “The team at legal planit listened carefully to what I wanted to achieve and got the process started immediately. The outcome was perfect and done in a very professional and efficient manner with results being achieved in the time frames that applied. I was kept informed, provided with clear and complete information regularly and my questions were responded to quickly and fully. legal planit’s fees, which were very reasonable in my opinion, were explained to me up front in their comprehensive pricing packages. I will certainly recommend legal planit to any of my friends, should they require legal services”.
- "I required a business visa and was referred to legal planit. They were able to advise me on the entire immigration process in Mandarin. The application requirements were complicated and involved providing New Zealand immigration with a substantial amount of documentation. Because of legal planit and Penny I was able to submit my application within a tight timeframe. Penny provided excellent support throughout the process. She knew exactly what was needed and I very much appreciated her patience and professionalism. The success of my application was the icing on the cake."
- "legal planit assisted me with the purchase of my franchise business. The documentation was substantial and complex, but legal planit was able to provide me with an easily understandable and detailed summary of its effect. They were also able to negotiate a number of amendments to the documentation that were to my benefit, including deletion of the clauses saving me from paying the franchisor's legal fees!"