Skip to main content
by learnformula
search
For Business
Team license & compliance management
For Higher Education
Academic partnerships
For Government Agencies
Government training solutions
For Instructors & Course Creators
Teach on our marketplace
Become a Sponsor
Reach professionals where they learn
Log inStart 7-Day Free TrialStart Free TrialStart Free Trial
search
Courses/Accounting & Tax/Estate Taxation

Trust Disclosures and Trustee Obligations

Understanding Trust Taxation and Disclosures: Practical Guidance for Trustees and Advisors in New Zealand

Created byTEO Training
BeginnerUpdated Jan 20, 2025
Trust Disclosures and Trustee Obligations

What You'll Learn

check_circleIdentify the status, income sourcing, and beneficiary residency relevant to trust tax obligations.
check_circleUnderstand whether there is a trust and what it looks like.
check_circleUnderstand what registration and disclosure obligations there are.
check_circleProvide advice and guidance to trustees on their obligations from a New Zealand tax perspective.

About This Course

It has been reported that the IRD has reviewed the data resulting from trust disclosures and has gained insights into how trusts are being used. Of 226,000 IR6 tax returns filed, 204,000 indicated they were required to complete the disclosure requirements.

With the pending increase in the trust tax rate to 39%, IRD will be looking more closely at the behaviours that appear to have changed as they relate to trusts.

This course will look at trust disclosures and trustee obligations in a holistic and practical way.We will cover the trust disclosure rules for Complying (NZ domestic) and Foreign Exemption Trusts.

Before deciding on what obligations there are, it is necessary to determine:

  • What is a trust from a tax perspective? (For example: discretionary, blind, bare and fixed trusts, estates and estate trusts, constructive trusts)
  • What is the status or classification of the trust?
  • Where is the income sourced?
  • Where are the beneficiaries resident?

This course will work through these using common examples and will then work through the disclosure obligations, registration requirements, and return filing obligations the trustees have. We will also look at withholding obligations and reporting obligations to the IRD.

 

Suitable for: Intermediate to senior accountants and lawyers who advise on matters for trust and estate clients.

Your Instructors

TEO Training
TEO Training
menu_book204 courses
star224 reviews

TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Nola  Crafar
Nola Crafar

Senior Manager at Findex/Crowe

Nola is a Senior Manager for Findex in the Dunedin Tax Team. Nola has been with Findex for over 15 years, where she advises on a wide range of tax matters, including property transactions and property ownership structures, structuring opportunities for businesses including relationship property considerations, providing advice on the tax treatment of transactions for clients and other professional advisory firms and managing Inland Revenue Department queries, disputes and debt relief applications.

Credit Information

What Students Are Saying

0.0
Student's Choice
0 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

You May Also Like

Ethics: Ethics for Accountants

AI, Ethics, and the Professional Accountant 2025

star4.9(2340)
3 CPD hrs
Accounting & Tax: Technology for Accountants

Claude Fundamentals for Accountants (2026 Update)

star5.0(578)
2.5 CPD hrs
Accounting & Tax: Technology for Accountants

AI-Ready Leader: Skills Every CFO & Controller Must Build

star4.9(425)
1.5 CPD hrs