This webinar will examine the taxation obligations of trusts. As well as providing a refresher on how
trusts are taxed, it will examine recent amendments to the trust rules in the Income Tax Act 2007.

Trusts are popular for holding clients’ assets and investments. The income tax contains specific rules
on how trusts are classified and taxed. This webinar will provide a refresher on how trusts are taxed,
with an emphasis on:

• Ensuring trusts maintain complying trust status
• Identifying who is a settlor of a trust for tax purposes
• What happens when settlors, trustees and/or beneficiaries become non-residents
• How the ordering rule can convert what is thought to be a non-taxable distribution into a taxable
  distribution

In addition, the webinar will highlight recent amendments to the Income Tax Act that affect trusts.
For example, the need to charge interest on beneficiary current accounts.

Upon satisfactory completion of this activity you will be:

• Updated on tax treatment of trusts
• Able to identify the tax implications of settlors, trustees or beneficiaries becoming non-resident
• Be aware of recent legislative changes and how these affect the tax treatment of trusts

Total CPD Hours: 1.25

Suited to:
This webinar is intended for accountants and lawyers who act for trusts or who are trustees of trusts
and want to ensure the trust is meeting its tax obligations.

PRESENTER

Stephen Richards, National Tax Director, Findex/Crowe

Stephen Richards is the National Technical Director of Tax Advisory for Findex/Crowe, the largest
accounting firm in New Zealand specialising in the SME/HNWI space. Stephen has been practising in tax advisory
for over 20 years and is a sought-after speaker on tax topics, including for CCH and TEO Training courses.

Stephen is renowned for making complex topics understandable.