About this Guide

Use this form to elect to pay income tax on the trustee income of foreign or non-qualifying trusts. Making this election means that the trust becomes a qualifying trust.

This form can be completed on-screen by typing content directly into the PDF document. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form.

When to use this guide

An election can be made to pay tax on trustee income of foreign or non-qualifying trusts if this requirement would not otherwise exist. New residents who have settled a trust before coming to New Zealand may also make an election.

Making an election means the trust becomes a qualifying trust. Some distributions that would have been taxable will not be taxed in the hands of beneficiaries.

Any settlor, trustee or beneficiary of the trust can make the election. The person making the election then becomes responsible for paying the tax on the trustee income.

What you will need

• Trust’s IRD number
• Names and addresses of trustees

After you finish

Please print, sign and post the completed form to your nearest Inland Revenue office.

You may wish keep a copy of this form for your personal records.

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