New Zealand Trusts in International Tax Planning

British Tax Review, No. 5, pp. 554-564, 2000

Victoria University of Wellington Legal Research Paper No. 27/2012

13 Pages Posted: 13 May 2010 Last revised: 14 Apr 2015

John Prebble QC

Victoria University of Wellington - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: 2000

Abstract

The trust is the most useful device that New Zealand offers to non-residents in the field of international tax planning. So long as settlors, beneficiaries, and income are all foreign the trust is unlikely to attract New Zealand tax. The residence of the trustee has no effect on the tax benefits of the trust so long as the former requirements have been met. This has been the case since 1988. Increasingly Australian planners have employed New Zealand trustees to hold investments in superannuation funds, a strategy that is thought to avoid Australian tax. In addition to Australians, people from many countries employ New Zealand trusts to hold their investments.

Keywords: International tax planning, Trust, Taxation of Trusts

JEL Classification: K33, K34

Suggested Citation

Prebble QC, John, New Zealand Trusts in International Tax Planning (2000). British Tax Review, No. 5, pp. 554-564, 2000; Victoria University of Wellington Legal Research Paper No. 27/2012. Available at SSRN: https://ssrn.com/abstract=1604917

John Prebble QC (Contact Author)

Victoria University of Wellington - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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