Alert: Special Report on Gift Duty

By on October 19, 2011 in Accountants

To Gift or Not to Gift Many of you will be aware that the Government have changed the rules on gift duty, repealing gift duty legislation from 1 October 2011.  The effect of this is that IRD will no longer have an interest in gifts made after this date, as the transference of wealth will no longer be subject to gift duty from this point. The question then raises itself, should people who have a Family Trust whom have been conducting a gifting programme make a lump sum gift to their Family Trust after this date?  The answer to this question[...]

Read the full article here: Alert: Special Report on Gift Duty

About Matthew Gilligan

Matthew is a Chartered Accountant and has been practising since 1992. Since GRA's inception, the company has grown exponentially in staff and services offered. His division specialises in an asset planning process which involves designing asset ownership structures to deal with protecting assets, estate planning and tax minimization goals collectively. Matthew has been involved in asset planning and property market for over 16 years. Visit: www.gra.co.nz
View all posts by Matthew Gilligan →

, , , , , , , , ,

No comments yet.

Leave a Reply