What is the taxation situation for a New Zealand Foreign Trust in the case of New Zealand sourced income?
In the case where a New Zealand Foreign Trust has income from New Zealand sources, it is considered to be taxable in New Zealand. In most cases, it is strongly recommended for the purposes of tax planning to use a New Zealand Foreign Trust just for international business activity outside New Zealand. What kind of activity can a New Zealand Foreign Trust carry out? The New Zealand Foreign Trust is a standard vehicle for business and investment activity. As such, it can carry out any kind of international trade, import export operations, the buying and selling of real estate, filing court actions etc. How practically can I use New Zealand Foreign Trusts? As mentioned earlier, the New Zealand Foreign Trust could be used in any business or investment structure as a sole vehicle. Additionally, a specifically registered trustee company can trade in the name of the Trust with(out) trust disclosure. In this case, all income received by Trading Trustee company from non-New Zealand sources for t
