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Courses/Tax/Estate Taxation *

Death of a Trust: Taxation Considerations on Wind-Up

Explore tax implications, GST rules, and compliance considerations when winding up trusts to ensure smooth transitions and avoid pitfalls.

Created byTEO Training
BeginnerUpdated Jan 16, 2025
Death of a Trust: Taxation Considerations on Wind-Up

What You'll Learn

check_circleUnderstand Income Tax Rules for Trust Distributions
check_circleAnalyze GST Rules for Trust Distributions
check_circleAssess Trustee Liability for Tax Debts
check_circleExamine Impacts on Shareholder Continuity and Depreciation Claims
check_circleApply Tax Rules to Trust Winding Up Scenarios

About This Course

Many clients use trusts to hold income-earning assets and investments. With the advent of the Trusts Act 2019 clients have been reviewing their trust arrangements. This review may result in a recommendation to wind up the trust. The winding up of a trust may trigger income tax and GST obligations. These may arise from the sale of assets or their distribution to beneficiaries as part of the wind up. The focus of this webinar will be on taxation issues associated with winding up a trust.

Issues examined will include:

  • Income tax rules applying to distributions from trusts
  • GST rules applying to distributions from trusts
  • Cash distributions versus in-kind distributions
  • Potential trustee liability for trust tax debts 
  • Impacts on shareholder continuity, the bright-line test and depreciation claims

Suited to:

  • Accountants and lawyers who act for trusts
  • Accountants and lawyers who are trustees of trusts and want to ensure the trust is meeting its tax obligations

Your Instructors

TEO Training
TEO Training
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TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Stephen Richards
Stephen Richards

Partner – Tax Advisory, Findex/Crowe

Stephen Richards is Partner in the Tax Advisory team at Findex. Findex is one of the largest providers of integrated financial advisory and accounting services to individuals, SMEs, and corporates in Australasia. Stephen has been practising in tax advisory for over 20 years and is a sought-after speaker on tax topics, including for CCH, CAANZ, and TEO Training courses and lecturing in taxation practice at the University of Otago. Stephen is renowned for making complex topics understandable.

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