Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Exempt income

CW 52: Community trusts

You could also call this:

“Community trusts don't have to pay income tax on their earnings”

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.

Topics:
Money and consumer rights > Taxes
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CW 51: Herd improvement bodies, or

“Tax exemption for dairy cow breeding improvement organisations”

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CW 52B: Disability support services, or

“Money for disability support services isn't taxed as income”

Part C Income
Exempt income

CW 52Community trusts

  1. An amount of income derived by the trustee of a community trust is exempt income.

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