Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
YA 4: General rules for giving information or communicating matters
or “Rules for communicating tax information”
You could also call this:

“Trustees act in a separate role from their other responsibilities”

When you act as a trustee for a trust, you are acting in a special role that is separate from your other roles. This means that when you’re a trustee, you’re not acting as yourself, but as someone responsible for the trust.

You can have other roles besides being a trustee. These other roles might include:

You as an individual person. You as a company if you’re a business that is legally recognised as its own entity. You as a trustee for a different trust or as someone who acts on behalf of others (an agent).

Remember, when you’re doing trustee work, you’re wearing your “trustee hat” and not your other hats.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: YB 1: What this subpart does

or “This subpart explains how people or groups are connected for tax purposes”
Next

Part Y Definitions and related matters
General definitions

YA 5General rule: capacity of trustees

  1. A person who is acting as a trustee of a trust is acting in a capacity that is separate from their other capacities.

  2. The other capacities of the person referred to in subsection (1) may include—

  3. their personal capacity:
    1. their capacity as a body corporate that is a legal person:
      1. their capacity as a trustee of another trust or as an agent.

        Notes
        • Section YA 5: inserted, on , by section 244 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).