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CW 53: Distributions from complying trusts
or “Money or property you get from a complying trust is tax-free”
You could also call this:

“Rules for trustees in NZ getting money from overseas”

If you’re a trustee living in New Zealand, you might get money from outside the country. When this happens, some of that foreign money might not be taxed. This is because of a rule called section HC 26. This rule says that some of the money you get from other countries as a trustee doesn’t count as income you have to pay tax on. But this only applies to some of the money, not all of it. The amount that isn’t taxed is called ‘exempt income’.

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Next up: CW 55: Maori authority distributions

or “How Māori authority payments to members are taxed”
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Part C Income
Exempt income

CW 54Foreign-sourced amounts derived by trustees

  1. To the extent to which section HC 26 (Foreign-sourced amounts: resident trustees) applies to a foreign-sourced amount that a trustee who is resident in New Zealand derives in an income year, the amount is exempt income.

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