Running a business: The income tax obligations of a business
Trusts and trustees
How are trusts and trustees taxed?
In general:
- the initial amount of money you put into a trust is not taxed, although you may need to pay gift duty
- any income the trust earns (eg, through investment or business income) is taxed at a flat rate of 33 cents in the dollar. The trustee is liable for paying this income tax regardless of where they live in the world.
Find out more
For more detail on the different kinds of trusts and the tax issues that apply to them, see our Estate or trust income tax return guide 2007 (IR6G) >
Date published: 03 Dec 2007
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