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The Business Advisory Blog

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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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Resigning as a trustee of a NZ trust

Written by Anthony McIlroy on September 13th, 2016.      0 comments

trust-599Trustees are personally liable for the tax obligations of the trust.

If a trustee resigns as trustee of a trust they must let IRD know in writing, as soon as possible following the resignation, so IRD can update all records.

Topics: IRD , trust
 

Resigning as a NZ trustee

Written by Anthony McIlroy on February 11th, 2016.      0 comments

trust-599If you are a trustee of a trust this information applies to you.

IRD stated that it would continue to hold a resigned trustee responsible for a trust’s taxes until it receives written advice of the resignation. This liability continues until any debt is paid.