Offshore Trusts in New Zealand
(Professor of Law, Victoria University of Wellington) recently published his article entitled The New Zealand Offshore Trust Regime, Int’l Fin. Centre Rev. 134 (2009).
The abstract of the article which is available on SSRN is below:
New Zealand is in general a high tax country. It is host to a thriving offshore trust industry established after an amendment to the income tax legislation in 1987. The successor to this amendment is section HC 26(1), which means that where non-residents settle income-producing property on New Zealand resident trustees, New Zealand does not tax the income in the hands of the trustees so long as that income has a foreign source.