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Taxation of Trusts, 3rd Edition

Taxation of Trusts, 3rd Edition

  • Author:
  • Publisher: CCH New Zealand
  • ISBN: 9781775471776
  • Published In: September 2016
  • Format: Paperback
  • Jurisdiction: New Zealand ? Disclaimer:
    Countri(es) stated herein are used as reference only
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An essential guide for any trust practitioner or trustee, this book provides a comprehensive overview of how the tax laws apply to settlors, trustees and beneficiaries.

The third edition of Taxation of Trusts has been updated to incorporate recent developments in charity and trust case law, the application of FATCA to trusts, reforms to the disclosure requirements for foreign trusts, new tax changes affecting land-owning trusts, and other legislative reform that affect the tax obligations of trusts.  The text also includes practical examples and summaries of recent tax and charity cases.

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:                  

  • trustee income and distributions
  • trustees’ liability for tax
  • beneficiary income and distributions
  • tax avoidance
  • classification of trusts for tax purposes
  • trust migration
  • trading trusts
  • foreign trusts
  • qualifying and look-through companies
  • life leases and debt forgiveness
  • imputation and RWT credits
  • associated persons
  • variation and resettlement
  • charitable trusts.

Vicki Ammundsen is a trust practitioner with experience in all areas of trust law. Vicki's day-to-day experience with trusts, together with her background in tax law, means that she is well placed to appreciate the practical and tax-related matters that touch on trusts in both commercial and family transactions.

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