Auckland 'bed tax' on hotels is valid, supreme court rules

Auckland 'bed tax' on hotels is valid, supreme court rules
Hotels like Auckland's JW Marriott, owned by CP Hotels, will be on the hook again for millions. (Image: BusinessDesk)
Brent Melville
The supreme court has ruled that Auckland’s contentious accommodation provider targeted rate on hotels will stand as a valid tax, potentially opening the door to similar ‘bed taxes’ being levied by other municipal authorities across New Zealand.The judgment follows civil appeals against the “unfair” bed tax by hotel owners CP Group, NZ stock exchange-listed Millennium & Copthorne Hotels, MLC Scenic and T&T Clarry’s Holdings, dating back to 2018. A legacy of Phil Goff’s tenure as mayor, the...

More Property

Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024