New Zealand as an Investor/Investee Country: Trust Taxation

Asia-Pacific Tax Bulletin, Vol. 1, pp. 98-101, 1995

6 Pages Posted: 21 Apr 2010

See all articles by John Prebble KC

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: 1995

Abstract

Sections 226 to 233 of the New Zealand Income Tax Act 1976 contain a special regime for the taxation of trusts. Income that is distributed by the trustee is taxed in the hands of the beneficiary, and income that is accumulate is taxed in the hands of the trustee. The regime contains a number of provisions that are designed to prevent people using trusts to avoid tax on New Zealand source income or to relieve New Zealand resident beneficiaries from tax they might otherwise have to pay. On the other hand, the regime is carefully crafted so that the mere fact of trustees’ being resident in New Zealand does not attract tax.

Keywords: Trust Taxation, Income tax, Income Tax Act 1976

JEL Classification: K33, K34

Suggested Citation

Prebble KC, John, New Zealand as an Investor/Investee Country: Trust Taxation (1995). Asia-Pacific Tax Bulletin, Vol. 1, pp. 98-101, 1995, Available at SSRN: https://ssrn.com/abstract=1593337

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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