Explore tax implications, GST rules, and compliance considerations when winding up trusts to ensure smooth transitions and avoid pitfalls.
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:
Suited to:
TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.
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.
