Lakefront Investments liquidated by IRD over $1.3m tax bill

Lakefront Investments' empty site on the shores of Lake Pupuke has a CV of $74m.

Fri, 04 Oct 2024

The Inland Revenue Department has succeeded in liquidating the owner of a multimillion-dollar Takapuna property over a $1.3m tax bill.Lakefront Investments is a Haven-related company and part of a wider battle by IRD to recover unpaid taxes.The company owns a 2.2-hectare empty site on the shores of Lake Pupuke, next to North Shore Hospital. The property’s 2021 Auckland Council valuation was $74m.Lakefront Investments is already in receivership.Its security holder is Lakeside Nominees, an entity controlled by the wealthy Smale family, whic...

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