This webinar considers cross-border taxation issues for trusts, including the impact of recent reforms.
Key issues which will be addressed include the tax treatment of “dual status trusts” (i.e. trusts that are both “foreign trusts” and “complying trusts”) and the tax treatment of distributions from “non-complying trusts” and “foreign trusts”.
Other cross border tax issues which will be considered include retaining “complying trust” status when settlors cease to be New Zealand tax resident, obtaining “complying trust” status when settlors become New Zealand tax resident, the effect of changes in tax residence status of trustees and beneficiaries, and the impact of the transitional residence rules.
The special rules that apply to “foreign trusts” with a New Zealand-resident trustee will also be discussed. These include the requirement for New Zealand foreign trusts to register with Inland Revenue, file annual returns and pay registration and filing fees.
10 November 2020
Intermediate and senior accountants, tax lawyers, trust lawyers and others who act as trustee of clients’ trusts.
Stephen Tomlinson, Principal, Tomlinson Law
1.5 CPD Hours