International Double Taxation of Inheritances and Gifts

LXXb Cahiers de Droit Fiscal International, pp. 459-470, 1985

Victoria University of Wellington Legal Research Paper No. 75/2015

9 Pages Posted: 25 Mar 2010 Last revised: 10 Jun 2015

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: 1985

Abstract

The inheritance tax system in New Zealand revolves around an estate duty, levied on deceased estates and a gift duty on inter vivos gifts. There is no capital gains tax. The Estate and Gift Duties Act 1968 does not contain any general anti-avoidance provisions. Avoidance of duty is common. Section 40 of the Act allows for unilateral relief for foreign duties. The article discusses the rationale of international rules relating to duties and conducts an analysis of the adequacy of New Zealand’s rules for the relief of double taxation.

Keywords: Inheritance tax, Double taxation, Gift duty, Estate duty, Anti-avoidance

JEL Classification: K34

Suggested Citation

Prebble KC, John, International Double Taxation of Inheritances and Gifts (1985). LXXb Cahiers de Droit Fiscal International, pp. 459-470, 1985, Victoria University of Wellington Legal Research Paper No. 75/2015, Available at SSRN: https://ssrn.com/abstract=1576892

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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