Reporting requirements for Domestic Trusts In December 2020, amendments were made to the Tax Administration Act 1994 (TAA) to establish minimum financial reporting standards for domestic trusts. These minimum standards are now contained in the act and the Tax Administration Order 2022. They cover financial statements starting 1 April 2021; however, the Tax Administration Order […]
Reporting Requirements for Domestic Trusts Read More »
The lack of a national database or any requirement to report trust numbers means we cannot know exactly how many family trusts there are in New Zealand; my guess is there are around 350,000, and possibly up to half a million. If you’re reading this, chances are you have one. It may hold your family
Eight Questions to Ask About your Family Trust – and What to Do if you No Longer Need it Read More »
Trusts law is changing. General Counsel – Perpetual Guardian, and Trusts expert, Henry Stokes, explains the Significance of the changes, and how to start getting ready.
Trusts Law Changes: Moving On From The 1950s Read More »
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