With changes to overseas investment legislation on the horizon again, Bell Gully special counsel Glenn Shewan and partner Andrew Petersen examine what has happened to investment in rural land under the current rules and what may change with the latest proposals.
The Overseas Investment Office (OIO) has finally released details of how they will apply the Overseas Amendment Act 2018.
The wide window for Overseas Buyers to buy Residential Properties in NZ will narrow significantly after October 2018. However, the latest amendments introduced some new exemptions.
What will the new changes to the Overseas Investment Act mean for foreign buyers?