Part CIncome
Exempt income
CW 52Community trusts
An amount of income derived by the trustee of a community trust is exempt income.
Compare
- 2004 No 35 s CW 44
If you are a trustee of a community trust, you don't have to pay income tax on any money the trust earns. The government says this money is exempt, which means it's free from tax. This rule helps community trusts keep more of their money to use for good things in their area.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513291.
An amount of income derived by the trustee of a community trust is exempt income.