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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

Beneficial trusts and the new 39% personal income tax rate

The amount of beneficiary income paid to people earning more than $180,000 has halved.

High-income earners deriving benefits from trusts alter behaviour since tax rate changes.

Brent Edwards Thu, 16 Nov 2023

It appears high-income earners who derive benefits from trusts have altered their behaviour as they try to mitigate the impact of the 39% tax rate.

After the new top tax rate was introduced, changes were also made to require greater disclosure by trusts to help Inland Revenue assess compliance with

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Brent Edwards Thu, 16 Nov 2023
Contact the Writer: brent@nbr.co.nz
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Beneficial trusts and the new 39% personal income tax rate
Investment,
101712
true