Section HC 11 — Income Tax Act 2007: Foreign trusts

HC 11 Foreign trusts A trust is a foreign trust in relation to a distribution if no settlor is resident in New Zealand at any time in the period that— (a) starts on the later of 17 December 1987 and the date on which a settlement was first made on the trust; and (b) ends on the date of distribution. Defined in this Act: distribution , foreign trust , resident in New Zealand , settlement , settlor , Compare: 2004 No 35 s OB 1 “ foreign trust ”