Statute
Section HA 28 — Income Tax Act 2007: Elections by trustee shareholders
Text of the provision Official document
HA 28 Elections by trustee shareholders If a shareholder referred to in section HA 5 is acting as trustee, they must make an election together with— (a) 1 or more beneficiaries of the trust who are natural persons with legal capacity; or (b) if no beneficiary has legal capacity, a natural person, who may also be the trustee, who assumes liability on behalf of beneficiaries. Defined in this Act: shareholder , trustee , Compare: 2004 No 35 s HG 4(2)(a)
Official source: legislation.govt.nz
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