Specialist Services

The Trust Act 2019 – key points

The recently passed Trust Act 2019 takes principles and rules in relation to trusts from the old 1956 act plus rules and principles that are now in common law and puts them into easily accessible legislation. We provide more details here.

You versus your Trust

It is common from a layman’s perspective to not appreciate the relevance of treating separate legal entities as separate. A recent High Court decision has an important precedent.

When is a gift not a donation?

If an individual pays “…a monetary gift of $5 or more…” to a charity they are able to claim one third of it back from Inland Revenue.  Prior to 1 April 2008, individuals could only claim donations of up to $1,890, i.e. a refund of $630.

Winding up a company

If a company does not file its annual return with the Companies Office, it may be struck off from the Companies Register. This is sometimes used as a ‘short-cut’ method, rather than completing the short-form company liquidation process.

FBT… so what can you do?

An expert, independent set of eyes will help you determine what you need to do in all cases, what you don’tneed to do, and also how to go about doing it (including creating proper documentation).