Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
CV 12: Trustees: amounts received after person’s death
or “How trustees handle income received for an estate after someone's death”
You could also call this:

“Income you can get from trusts”

You can receive income from trusts in three ways. First, you might get beneficiary income, which is covered by sections HC 6 and HC 17. Second, someone might put property into a trust for you, as described in section HC 7(3). Third, you might get a taxable distribution from a foreign trust, which is explained in section HC 18. If you get money or property from a trust in any of these ways, it counts as income for you.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: CV 14: Distributions from community trusts

or “Money or items from community trusts may be taxable income”
Next

Part C Income
Income specific to certain entities

CV 13Amounts derived from trusts

  1. An amount derived by a person is income of the person if it is—

  2. beneficiary income to which sections HC 6 (Beneficiary income) and HC 17 (Amounts derived as beneficiary income) apply; or
    1. a settlement on trust of property of the kind described in section HC 7(3) (Trustee income); or
      1. a taxable distribution from a foreign trust to which section HC 18 (Taxable distributions from foreign trusts) applies.

        Compare