Part 2Express trusts
18Accumulation of income by trust
A trust may accumulate income to the extent that is consistent with its terms.


When you have a trust, it can save some of its income for later, as long as this is allowed by the trust's rules. You can think of a trust like a container that holds money or property for someone else. The trust's rules say what can be done with the money or property, including whether income can be saved for later.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7382884.
A trust may accumulate income to the extent that is consistent with its terms.