This week we will continue our examination of the exposure draft legislation for the proposed 30% minimum tax on discretionary trusts. Last session we considered the proposed definition of “fixed trust” in s 272-65. We could not agree on how to read it,...
This week we will continue our detailed examination of the exposure draft legislation for the proposed 30% minimum tax on discretionary trusts. Last session began with proposed s 101AA and the definition of a minimum tax trust. We considered the exclusion for the...
Treasury has released exposure draft legislation for the proposed 30% minimum tax on discretionary trusts. Consultation closes on 18 September 2026. The legislation also proposes an alternative electable regime. A trustee may nominate the beneficiaries who are to...
A great many tax consequences turn on when a payment is made. A difference of one day can determine the year of a contribution, a deduction or an assessment. That question will arise more often under Payday Super. Since 1 July 2026, superannuation contributions must...
Campbell will provide an overview of Bills of Exchange, including how they are drafted, what they can be used for, and the different requirements involved in completing them. The session will include practical examples to demonstrate how Bills of Exchange are prepared...
This session continues our examination of present entitlement and what it means for a trustee to “apply” trust income. We return to Commissioner of Inland Revenue (NZ) v Ward [1970] NZLR 1, where a trustee resolved that a year’s income “be held...
