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 United States income tax consequences of proposed beneficiary distributions.
  • Reporting obligations to Inland Revenue.