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Budget 2024 | The Government has announced proposed changes to personal income tax, the independent earner tax credit, in-work tax credit, the minimum family tax credit and the interest rate charged for overseas based student loans. They have also provided more information on FamilyBoost. Find out more: www.budget.govt.nz

From the 2022 income tax year, trustees have had to disclose additional information under the domestic trusts disclosure rules.

We have analysed the data collected from trusts and summarised it, along with some key insights gathered, in a recently released report.

Trust disclosure information from the 2022 tax year

We have highlighted some common errors and will use the insights we’ve gained in our compliance programme. 

Trusts and estates - common errors

Last updated: 16 Nov 2023
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