More on the use of trusts by Denham MartinSeries: Professional Development course paper (Institute of Chartered Accountants of New Zealand). Publisher: Wellington, New Zealand Institute of Chartered Accountants of New Zealand (ICANZ) 2000Description: 1 v. (various pagings) : ill. 30 cm.ISBN: 1877255408.ISSN: 0113-986X.Subject(s): TRUSTS | TRUSTEES | CHARITABLE TRUSTS | GOODS AND SERVICES TAX | New Zealand. Taxation (Beneficiary Income of Minors, Services-related Payment and Remedial Matters) Bill | TRUSTS
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INTRODUCTION ; RECENT CASE-LAW DEVELOPMENTS: Disclosure of information to beneficiaries regarding the trust ; Disclosure of trustees reasons ; Characterisation questions ; A "fair" exercise of discretionary powers matter for trustees ; Charitable trusts ; GST ; TAXATION (BENEFICIARY INCOME OF MINORS, SERVICES-RELATED PAYMENT AND REMEDIAL MATTERS) BILL: Introduction ; General application ; Certain tax consequences ; Income-splitting ; Australian rule ; Extent of rule ; Connections ; Who is a minor for the purposes of the rule ; Exceptions to the rule ; Practical implications ; NATURAL LOVE AND AFFECTION: General application ; The 1999 amendments ; Was established ; Primarily to benefit ; Practical implications ; THE ATTRIBUTION RULE FOR PERSONAL SERVICES: Background ; Basic operation of rule ; Application of section 14 GB ; Calculating amount to be attributed ; Exclusion from rule ; Association ; Application of rule ; Practical implications ; Accrual rules application of sections EH 5 and EH 52 to resettlements ; Section EH 5 and EH 52 ; The Department's view ; Resettlements ; Creating new settlements by way of a power of advancement ; Practical implications ; TRUSTS IN AND OUT OF NEW ZEALAND: Overview ; Going offshore ; Can a New Zealand tax resident establish an offshore trust that is not subject to New Zealand tax? ; What is position of New Zealand trust with New Zealand resident settlor who leaves New Zealand? ; What will tax status of trust be in new location, say, Australia? ; Using offshore trusts to make investments into particular jurisdictions ; Treaty relief ; Coming to New Zealand ; Conclusion
Updates current issues and developments in trust law and tax law that practitioners should be aware of, focusing on NZ tax reforms and international judicial developments.