Many people who settled trusts over the last 20 years now question why their trust should be sustained, in the light of greater compliance costs. A simple trust, owing a home, for example, must now register an IRD number for a sale transaction. The paper addresses the relevance of family trusts.
Another offers information on how to make a family trust a more robust asset protection.
Many people do not know that it is a mistake to move all trustees to Australia and expect no tax effect on New Zealand trust property. So, for people who move to or from New Zealand there is also a brief paper on taxation and residency of New Zealand trusts. Contact Chris Lucas 03 477 8080.
For further information, or to make an appointment please contact Chris Lucas or call us on 03 477 8080.