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  • NZ Property Investor

    TIME TO PLAN FOR THE TRUST TAX JUMP

    Jun 28, 2023 3 minutes

    YOUR ACCOUNTANT

    Despite the government's promise of no new taxes in the Budget, the increase of the trust tax rate to 39 per cent did not come as a huge surprise.

    With the release of the IRD report into high net wealth effective tax rates and talk of wealth taxes it was inevitable we would see some change.

    I would say the top marginal rate for individuals at 39 per cent and the trust rate at 33 per cent was a ridiculous

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