Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Agents

HD 23: Trustees of group investment funds

You could also call this:

“Trustees handle tax duties for overseas investors in group funds”

If you are a trustee of a group investment fund, you are considered an agent when an absentee investor receives a dividend. This means you have certain responsibilities for tax purposes when managing the fund and distributing dividends to investors who are not present in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517440.

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Money and consumer rights > Taxes
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Part H Taxation of certain entities
Agents

HD 23Trustees of group investment funds

  1. A person is treated as an agent if they are a trustee of a group investment fund and an absentee is an investor to whom a dividend is paid.

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