Wolters Kluwer NZ | CCH Books | Taxation of Trusts 5th Edition

Taxation of Trusts 5th Edition

Published: Oct 2023
Book Code: 10075942-0004
eBook Code: 10076058-0003
ISBN: 9781775474753 (Book)
ISBN: 9781775474760 (eBook)

Taxation of Trusts 5th Edition

Vicki Ammundsen

Book $128.00 (plus GST)
eBook $128.00 (plus GST)

An essential guide for any trust practitioner or accountant, this book provides a comprehensive overview of how tax law applies to settlors, trustees and beneficiaries.

The 5th edition of Taxation of Trusts has been updated for all tax law changes up to August 2023, including:

• a comprehensive outline of the disclosure regime and reporting requirements now in place for all New Zealand (domestic) trusts

• the rollover relief in place for transfers of residential property (for both the bright-line test and the interest limitation rules)

• Inland Revenue’s position on diverting personal services income by structuring via a trading trust, and

• Inland Revenue’s statement on the application of the land sale rules to changes in trustees.

Presented in a user-friendly format, the book seeks to answer questions that arise in practice. Each chapter includes relevant legislation for the subject matter covered.

Topics covered include:

asset and estate-planning considerations for establishing and maintaining trusts
disclosure and reporting obligations for trusts
trust administration
settlors for income tax purposes
trustee income
trustees’ liability for tax
beneficiary income and distributions
tax consequences that can flow from certain inheritances
tax avoidance
classification of trusts for tax purposes
trust migration and inter-jurisdictional trust considerations
trading trusts
dividend stripping
qualifying and look-through companies
imputation and RWT credits
associated persons
attribution rules
variation and resettlement
unit trusts
charitable trusts

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