Part G
Avoidance and non-market transactions
Avoidance: specific
GB 22Arrangements involving trust beneficiary income
This section applies when—
- an arrangement involves a trustee transferring property, or providing services or other benefits, to a person other than a beneficiary of the trust; and
- the arrangement has the effect of defeating the intent and application of sections HC 17 to HC 23 (which relate to the income of beneficiaries) in relation to the beneficiary; and
- the trust is not a Maori authority.
The beneficiary is treated, for the purposes of sections HC 17 to HC 23, as receiving the property or enjoying the services or benefits.
Compare
- 2004 No 35 s GC 14