If someone sets up a trust and then other people add more money or property to it using the same rules, the person in charge of the trust (called a trustee) can treat all of these additions as if they were part of the original trust. This means the trustee can manage everything as one big trust instead of dealing with each addition separately.
This rule applies to a specific part of the law about how certain groups or organisations are taxed. It’s meant to make things simpler for the trustee when multiple people contribute to the same trust over time.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517255.
For the purposes of this subpart, if a settlement is made on a trust and further settlements are made on the same terms, a trustee of the trust may treat all the settlements as 1 trust.
