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$8.95 ISSUE 5 HVCCI SUMMER EDITION 2017 BUSINESS QUARTERLY CONTENTS 1 From the Chamber STAFF CEO Mark Futter Manager - Membership, Partnerships & Sponsorship Anna Geremia-Young Platinum Partners 2 Member Services Donna Rufer Manager - Events, Learning & Development Kimberley Wadsworth 9 Gold Partners Manager - Employment Placement Service Jo Forman Office Manager Lynda Robertson 12 Silver Partners Accountant Ian Kerr 14 Bronze Partners 16 Council News & Views BOARD MEMBERS 17 Feature Articles President Neville Hyde Vice President Mark Skelly Immediate Past President Helen Down Membership/Partnership 24 Other Board Members Tony Stallinger, June Ranson, Chris Upton, Sponsorship Mike Gould, Neville Baker, Celia Birdling, Hayden Kirk 25 Welcome New Members, Sponsors & Partners OFFICE HOURS Monday - Thursday 8.30am - 5.00pm Top cover image by Brady Dyer Photography, see article page 21 Friday 8.30am - 4.30pm Level 3, 15 Daly Street PO Box 30-653 LOWER HUTT Telephone +64 4 939 9821 Facsimile +64 4 939 9824 Bottom cover image Avalon Park, courtesy of Hutt City Council 02 SUMMER EDITION 2017 FROM THE CHAMBER PRESIDENT’S REVIEW I was thrilled to have been elected unopposed to the role of President of the Hutt Chamber of Commerce at the recent AGM. I have a strong act to follow in stepping up behind Helen Down who has, as President over the last 6 years, steered the Hutt Chamber to the position of being one of the preeminent Chamber’s within the New Zealand Chamber of Commerce movement. Helen has through her personable presentation, leadership and professionalism contributed materially to this outcome with a supporting Board and dedicated staff. She will continue to contribute, as a Board member, in her role as immediate past president. The Chamber is all about membership and requires the commitment and involvement of its members to be truly successful. Continued membership growth will be important in maintaining service delivery to all stakeholders as will our understanding of the need and expectations Neville Hyde, Helen Down, Mayor Ray Wallace & Mark Futter of members. You will see the continued reinvention of the Chamber to ensure it remains relevant. With a reconstituted Board and highly competent staff I am looking forward to maintaining the growth and effectiveness of the Hutt Chamber. I see the appointment, at the recent AGM, of Mark Skelly as Vice President materially assisting me in fulfilling the President’s role. I hope you all had an enjoyable Christmas and holiday break with a prosperous year ahead. New HVCC President Neville Hyde with Mayor Ray Wallace following Neville’s election at the AGM NEVILLE HYDE President Hutt Valley Chamber of Commerce HVCCI BUSINESS QUARTERLY l 1 PLATINUM PARTNERS CROWE HORWATH LAND SALES – WHEN IS THE RESIDENTIAL EXEMPTION NOT AVAILABLE? There has been a lot of discussion about the taxation of land must occur at uniform or consistent intervals. The transaction sales and the introduction of the new two-year bright-line rules. being considered as potentially subject to tax is not taken into Generally speaking, if you buy a property and sell it, even if it account in deciding whether you have a regular pattern of such might be subject to one of the various land taxation rules, if transactions. you have used the property as your home, there is an exemption There have been people who have moved frequently because available that may exclude you from paying tax on any gain. The circumstances change (parents become ill, employment bright-line rules, of course, only allow such an exemption to be opportunities arise etc.) If, as a result, you change houses more claimed twice in any two-year period. This limit applies even if than three times in a comparatively short period, you may find that you do not have a "regular pattern" of acquiring and disposing of when you come to sell your fourth home, any gain on sale could residential land. be taxable. This is because even though you have had sound Even if you live in a property, however, and the exemption may personal reasons for making the moves each time, the purpose appear to be available, if you have a regular pattern of buying and of the transaction does not change the outcome in terms of a selling residential houses that you have lived in, the exemption is regular pattern of buying and selling houses. not available to you. This area of taxation is still a minefield and we will all need to The question that therefore arises is what amounts to tread carefully when we work through whether a sale of a property a regular pattern of buying and selling? will need to be dealt with for taxation purposes. Therefore, it is important to tell your accountant and/or business or taxation The IRD has given an indication of its view on when you have a adviser about any land sales in a taxable year. regular pattern of buying and selling which would stop you from claiming the exemption. Whether you have a "regular pattern" For further info contact [email protected]. of transactions that will mean you cannot use the relevant exclusion will depend on the number of similar transactions and the intervals of time between them. It will be a matter of fact and degree whether you have a regular pattern of such transactions. There is no hard and fast rule about the number of times or how frequently you can buy and sell, build and sell, or renovate and sell houses that you live in and not be taxed. The IRD has suggested however, that generally at least three prior transactions would be needed for there to be a regular pattern. For there to be a "pattern" there has to be a similarity or likeness between the transactions. The reason or purpose for each transaction is irrelevant; it is the similarity of the transactions that is important. For a pattern to be "regular", the transactions 2 SUMMER EDITION 2017 PLATINUM PARTNERS MEDIAWORKS HVCCI BUSINESS QUARTERLY l 3 PLATINUM PARTNERS BNZ A zero percent rate is smart. A zero balance is even smarter. 0% p.a. balance transfer for 12 months on a BNZ Low Rate MasterCard. Lending criteria, terms & fees apply. After 12 months, the standard purchase interest rate (currently 13.45% p.a.) will apply to transferred balances. 4 SUMMER EDITION 2017 PLATINUM PARTNERS GIBSON SHEAT Your local law firm has your interests at heart business personal property litigation rural When you choose Gibson Sheat as An innovative spirit sets Gibson Sheat your legal service provider, you have the apart from other firms. reassurance that we’re in it for the long- A broad range of business and personal haul. legal services are available under one Gibson Sheat was founded in Lower Hutt roof - property, commercial, wills, estates in 1927, and opened a Wellington office and litigation. As well as a range of in 1999. In August of 2015 a Masterton specialist business services, including office joined the firm with the merger farm syndication, franchising, exporting, of Gibson Sheat and long-standing intellectual property, employment and Wairarapa firm, Logan Gold Walsh. sports law. The firm is well established, and well With experience in small to medium respected in the Wellington region. business’ needs, Gibson Sheat will help Gibson Sheat’s lawyers will listen and you to structure your company in the best give practical, real-world advice, without way possible to minimise your business legal jargon. and personal risk. Their common-sense attitude means you will receive practical, Clients like the firm’s ‘real people’ cost-effective advice and solutions in a approach. Staff take a genuine interest down-to-earth, friendly environment. in clients and what they are trying to achieve. For real results, from real people call Gibson Sheat 04 569 4873 www.gibsonsheat.com no jargon. practicalJust advice HVCCI BUSINESS QUARTERLY l 5 PLATINUM PARTNERS BOULCOTT HOSPITAL BOULCOTT HOSPITAL’S JOINT REPLACEMENT CENTRE IS GIVING PATIENTS A NEW LEASE ON LIFE In the last year, the eight surgeons who work out of the Lower Patients in need of a joint replacement must first ensure their GP Hutt private hospital have undertaken 101 hip, 71 knee and eight refers them to a leading specialist, like Dr Craig, at Boulcott’s Joint shoulder replacements. Replacement Centre. And with the ageing baby boomer population, demand for joint They are usually admitted on the morning of their procedure, but replacements is expected to continue to increase, says one of if any medical issues need to be taken into consideration they will Boulcott’s orthopedic surgeons, Roy Craig. undergo a consultation with an anaesthetist at an earlier date. Having established itself as a pre-eminent centre for joint The procedure generally takes up to two-and-half hours, followed replacement in the Wellington region, Boulcott is well-equipped by a post-operative stay of up to five days. to cater for demand. During that stay patients will be visited by physiotherapists where The main advantage for patients who choose Boulcott is the fact necessary and provided with crutches or other walking aids if they receive total care all on the one site. needed. Patients not only have access to world-class specialists, facilities The Joint Replacement Centre itself has been offering these life- and methodologies, they receive nothing but quality care right changing procedures to patients for the past 20-odd years now. from their initial consultation, radiology and surgery through to To date, feedback has been nothing but positive, says Boulcott’s post-operative care. General Manager Sarah Boyes. While most joints can be replaced, Dr Craig says hips and knees “For us that’s a great sign - you need to have the theatres right, the are the most common replacements.