Why Was This Change...
From April 2024 Family Trust income will be a taxed at 39%. Find out how to get around this higher tax rate.
www.lyfords.co.nzHere’s what’s new on family trust tax rates right now.
-
Australia: Recent discussions and reporting suggest possible reforms to trustees’ tax treatment of family trusts, with proposals including a minimum tax on trust distributions and potential alignment with personal tax rates. Note that these are policy proposals and may shift before or during any final legislation. Sources indicate ongoing debate and consultation around trust taxation in 2026.[3][4][7][8]
-
New Zealand: The 39% trustee tax rate remains in place for undistributed trust income above the de minimis threshold, with ongoing IRD oversight and compliance requirements for trusts including family trusts. Beneficiary distributions are taxed at the recipient’s personal rate, subject to minor-beneficiary rules in some cases.[2]
-
Other regions: News and commentary around trust taxation in multiple countries mention potential hikes or reforms (e.g., Australia, Australia-related analyses) but specifics vary by jurisdiction and year. If you need details for a specific country, I can pull the latest targeted updates.[5][3]
If you’re trading in or planning for a specific jurisdiction (e.g., Australia or New Zealand) and want the latest enacted rates, thresholds, and filing requirements, tell me which country and I’ll summarize the current rules with inline citations.