‘Head scratching’ on navigating trust tax changes
A tax director speaks to NBR about confusion and backtracking over trust tax guidance.
WATCH: Baker Tilly Staples Rodway tax director Mike Rudd speaks with Jonathan Mitchell.
Confusion has become further ingrained over the plan to raise the trust tax rate to 39%, but fresh guidance should help clear some of the concerns, according to a tax expert.
Inland Revenue recently issued further guidance on how trusts could manage the shift to the higher rate, suggesting issuing
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