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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 on gifts made before 1 October 2011
  • 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 the most recent Estate or trust income tax return guide (IR6G) under "Forms and guides".