Login
Login

Your trusted CPD partner

LLP08

Limited Partnerships

NZ $55.00
Casey Plunket Nick Wells
Casey Plunket
Partner
Chapman Tripp
Auckland
Nick Wells
Partner
Chapman Tripp
Auckland

Published: 21 April, 2008
Pages: 79

Introduction

The limited partnerships regime has been introduced in New Zealand following a long period of consideration and consultation between government officials (Ministry of Economic Development and Inland Revenue Department) and private bodies such as the New Zealand Venture Capital Association and New Zealand Venture Investment Fund.

As a result of the parliamentary and select committee process, a robust limited partnerships regime has emerged based on international best practice and adjusted to suit the New Zealand environment. This regime will provide a recognisable and familiar investment vehicle for potential offshore investors looking to invest in New Zealand.

The stated purpose of the Limited Partnerships Act 2008 (“the Act”) (s 3) is to:
establish a modern regulatory regime of limited partnerships that -

(a) gives the business community in New Zealand the option of a flexible and internationally recognised business structure similar to limited partnerships in use in overseas jurisdictions; and
(b) facilitates the development of the venture capital industry in New Zealand.

The limited partnership regime provides a simplified fund structuring vehicle for investors. The flow-through tax status of a limited partnership makes it an especially useful vehicle for investments expected to make losses early in the investment period, where capital gains are expected, or where some participants have special tax status (eg are non-resident or tax exempt).

A basic limited partnership structure is illustrated in the diagram on page 2.

You might also be interested in ...

Registrant Details

Use this window to add all the registrants you wish to register on behalf of. If you want to attend the course also, ensure you add yourself as one of the registrants. Make sure you press ‘save’ after adding each new registrant.

Proceed to Checkout

Tax Problems that Creep up on you

Publication Date: 16-Sep-2009

Author(s): Stephen Tomlinson, Grant Pearson

NZ $50.00

Multiple Registration

Company Law Update

Publication Date: 24-Jun-2008

Author(s): Neil Campbell, David Cooper

NZ $50.00

Multiple Registration
 
CONTACT
INQUIRIES
freephone (within NZ)
0800 333 111

EMAIL 
cle@lawyerseducation.co.nz

PHONE
04 472 7837

FAX
04 463 2986
 
ADDRESS
NZLS CLE Ltd
Law Society Building
26 Waring Taylor Street
Wellington 6011

DX SP 20202
PO Box 5041
Wellington 6140
New Zealand