Government clamps down on trust tax ‘misalignment’
Trustee tax rate to go up to 39% from April next year.
Trust tax to align with top personal rate of 39%.
The trustee tax rate will go up to 39% from April next year as the Government responds to the findings of the Inland Revenue Department’s report into high wealth individuals.
Finance Minister Grant Robertson announced the change in the Budget today.
“The change will help ensure that the top
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