Explore key updates on trust resettlements, taxation, trustee compliance, and bright-line rules for effective trust management.
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. Often this review has resulted in a recommendation to resettle their existing trust onto a new trust with a modern trust deed.
Resettling a trust is a disposal for income tax purposes and a supply for GST purposes. Accordingly, a resettlement can result in unwanted income tax and GST obligations, such as tax under the bright-line rule, resetting the bright-line date, and leaving trustees with GST liabilities.
The focus of this webinar will be on taxation issues associated with resettlements of trusts.
Issues examined will include:
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Suitable for:
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.
