Part HTaxation of certain entities
Agents
HD 13Unit trusts
A trustee of a unit trust is treated as an agent of the unit trust in relation to income derived by the unit trust.
Compare
- 2004 No 35 s HE 1
Income Tax Act 2007
Taxation of certain entities - Agents
HD 13: Unit trusts
"Trustees act as representatives for unit trusts' income"
If you have a unit trust, the trustee is considered an agent of the unit trust. This means the trustee acts on behalf of the unit trust for any income that the unit trust earns. It's like the trustee is the unit trust's helper when it comes to dealing with money the unit trust receives.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517409.