Court of Appeal rules Auckland investment property belongs to daughter after parental gift dispute
New Zealand's Court of Appeal has decided an Auckland property belongs to a daughter following a dispute with her parents over a house deposit gift.
A couple gave their 30-year-old daughter 10 percent of the purchase price for a Glen Innes house, which sparked a legal battle over who owned the property. The dispute escalated to the Court of Appeal, which ruled in the daughter's favour. The case turned on whether the parental contribution constituted a gift or a loan.
Covered byRNZNZ HeraldNot covered byStuff1NewsNewstalk ZBOtago Daily TimesNewsroomThe SpinoffBusinessDeskinterest.co.nz
Coverage across the news outlets we track, as at publication.
What outlets are saying
NZ Herald
Court of Appeal says Auckland investment property belongs to daughter, following ‘gift’ from parents
The case made its way to the Court of Appeal, which had to decide who owned the property.
RNZ
Parents take daughter to court after 'gifted' house deposit dispute
Couple gave their 30-year-old daughter 10 percent of the purchase price of a Glen Innes house, which led to a battle over ownership that went all the way to the Court of Appeal.