Do you or your clients have a trust?
We are up to speed with the latest trust legislation and case law and can help you with the following services:
- Classification of the trust for US and NZ tax purposes.
- Classification of the trust for FATCA and chapter four withholding purposes.
- Assessment of the trust for CRS purposes including determination of whether the trust is a reporting NZ financial institution.
- Analysis of the trust using the double tax agreement for fiscal transparency.
- Advising on the migration of trusts including the New Zealand settlor regime.
- Advising on the New Zealand tax treatment of the trust.
- Assistance with penalty remission for late filing of information returns.
- Advising on the New Zealand and
UnitedStates income tax consequences of proposed beneficiary distributions.
- Reporting obligations to Inland Revenue.