TalkTax

Name: Maurits van den Berg

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Web Site: http://www.staplesrodway.com

Bio: Maurits is a specialist tax consultant with 19 years specialist tax consulting experience. He is co-author of CCH's 'A Practical Guide to Taxing Property Transactions' and is currently co-presenting with Roger Thompson, a Staples Rodway Limited seminar series on two topics, Land Transactions (including the new associated person rules) and Trusts. Maurits has presented on a range of other topics with a special interest in assisting New Zealand businesses dealing with the tax issues associated with doing business offshore. Away from work Maurits has a keen interest in a range of outdoor sports. Address: Staples Rodway Limited, 9th Floor, Tower Centre, 45 Queen Street, Auckland 1010. Tel: +64 9 373 1123.

Posts by Maurits van den Berg:

Ex-pat trust inquiries on the increase

September 2nd, 2009

An interesting trend that we have noticed over the last six months or so is the increase in trust related inquiries from ex pat kiwi’s returning to New Zealand. Anecdotal evidence suggests that other accountants and lawyers are noticing this trend too. Often these inquires involve tax residence/ transitional resident issues and also involve questions of strategy around the operation of the New Zealand trust regime. For example, can I maintain foreign trust status in a lower tax jurisdiction, should I elect into the complying trust regime or should I consider resettling into a complying trust. As always the challenge is to ensure that the tax planning process starts before the migrant arrives in New Zealand (of course the transitional resident rules can provide some breathing space!).

It is also apparent that the new associated person rules combined with the settlor definition are going to heavily impact matters like foreign trust status and the tax liability of New Zealand based settlors in certain situations. We intend to address these and other issues in the trust seminars.

Staples Seminar

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