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Property
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Citadel Capital fends off liquidation attempt by IRD

The company has settled its long-standing debt with the tax department.

Citadel Capital was developing an 11-storey building at 126 Featherston Street, Wellington.

Auckland property developer Citadel Capital will avoid liquidation proceedings brought by Inland Revenue, after settling a long-standing debt.

IRD filed an application to have the firm wound up in April, due to the firm owing more than $600,000 in PAYE and GST.

Citadel spent months trying to prevent

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Nicholas Pointon Tue, 26 Nov 2024
Contact the Writer: nicholas@nbr.co.nz
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Citadel Capital fends off liquidation attempt by IRD
Property,
106872
true