From time to time we come across situations where a trust has been established with the settlors of the trust also being appointed as the trustees of the trust without an independent trustee. Independent trustees are important in any trust structure for a number of reasons, however, one issue that […] Read More›
Trusts
You can now gift an unlimited amount tax free as gift duty has been abolished. Accordingly, while it is still necessary to properly record and document any gift that is made, there is no longer a need to report any gifting to the IRD. Please be aware though that this […] Read More›