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Courses/Accounting & Tax/International Tax

Trusts and Overseas Beneficiaries: Taxation and Compliance

Master the tax implications of trusts with overseas beneficiaries, including distributions, compliance, and cross-border considerations.

Created byTEO Training
BeginnerUpdated Jan 21, 2025
Trusts and Overseas Beneficiaries: Taxation and Compliance

What You'll Learn

check_circleUnderstand the impact an overseas beneficiary could have on the trust itself.
check_circleIdentify the tax implications of beneficiaries becoming non-resident.
check_circleAssist trustees in understanding their options and obligations.
check_circleUnderstand trust disclosure requirements and compliance considerations for trusts with overseas beneficiaries.

About This Course

Many clients utilise trusts to hold income-earning assets and investments. With the reopening of borders, more and more beneficiaries may become non-resident or will at least be living overseas for a period of time. When settling a trust, or administering a trust as a trustee, it is important to bear in mind what impact beneficiaries living overseas may have.

The focus of this webinar will be on taxation issues associated with overseas beneficiaries, including:

  • Are they or could they become a settlor of the trust, and what could that mean for the trust?
  • What is the source of the income and what income is distributed to them?
  • What withholding obligations might arise in terms of distributions made?
  • What happens when the beneficiaries become non-resident?
  • What happens if non-resident beneficiaries become resident?
  • What needs to be considered in terms of trust disclosures?

 

Suitable for:

  • Accountants and lawyers who act for trusts.
  • Accountants and lawyers who are trustees of trusts and want to understand what needs to be considered if beneficiaries travel overseas or return from overseas.

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.

Nola Crafar
Nola Crafar

Senior Manager at Findex/Crowe

Nola is a Senior Manager for Findex in the Dunedin Tax Team. Nola has been with Findex for over 15 years, where she advises on a wide range of tax matters, including property transactions and property ownership structures, structuring opportunities for businesses including relationship property considerations, providing advice on the tax treatment of transactions for clients and other professional advisory firms and managing Inland Revenue Department queries, disputes and debt relief applications.

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