Where in the world are my Trust Beneficiaries living?

In New Zealand for a long time, we have exported our young talent, either permanently or temporarily overseas, on trips called “the Big OE” and similar. We often don’t think much about this when our kids leave, and the impact that that may have on trusts where they are beneficiaries.

Covisory's Tax and Trust expert Nigel Smith looks at the tax implications to the beneficiary when the Trustees are planning to make a distribution to a beneficiary that resides outside of New Zealand.

Contact our team today to discuss how we can assist you and your Trusts and related entities