19/06/2026
Friday Free'B
Commercial property? Mind the split.
Buying or selling a commercial property in Central Otago? The price isn't one number. It gets split across the land, buildings, and chattels β that's the Purchase Price Allocation.
Sounds like fine print. It's not. That split decides how much tax each side pays and how much depreciation the buyer can claim for years to come.
Here's the catch: buyers and sellers often want different splits β and once it's signed, you're usually stuck with it. Get it wrong and it costs you long after the deal's done.
So before you sign, talk to your lawyer. Five minutes now can save a very expensive surprise later. βοΈ
Erika Central law, 021 1645000