Are there death duties in nz

A tax liability may also arise where the executor or trustees of the estate have allowed income to accumulate in the estate before distributing it to beneficiaries at some later date. In addition to unlooked for tax liabilities, if you have been appointed an executor or trustee of the estate of an overseas person, you may need to register the estate with Inland Revenue as a foreign trust and file annual returns for the estate with Inland Revenue.

If a person becomes an executor or trustee of a foreign estate after 21 February , generally the person has 30 days from the date of their appointment to complete registration with Inland Revenue. There are some extensions to these timeframes where all the executors or trustees are natural persons who are not professional trustees. If you have received an overseas inheritance, stand to inherit from non-residents, are or may become an executor of a foreign estate, contact your Findex adviser to discuss what New Zealand tax liabilities and obligations may arise.

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Keeping safe. Your human rights. Your legal rights. New Zealand Police. Getting legal help. Information following the Christchurch terrorist attack. The outdoors. A brief history. The Treaty of Waitangi. Written permission to view registers after must be obtained from the Inland Revenue Department. Only when this duty had been paid was the succession legally allowed to take place. All the registers are indexed by the name of the deceased. Access to the Native Succession Order Registers dated after is restricted.

These indexes cover all estates of deceased persons in New Zealand between and Entries are listed alphabetically by surname. The NZ Estate indexes are useful for those people trying to track down the year and court in which a particular estate was administered, though most probate files are now listed by name in Archway. These registers created by the Inland Revenue Department record details of gifts of property to individuals. Access to the Gift Registers is restricted.

Written permission to view registers must be obtained from the Inland Revenue Department. Publications What's new Contact us Search. He Whakaputanga o te Rangatiratanga o Nu Tireni. Supporting iwi access. Mahi rangahau. Research guides. Planning and strategy. How to develop an OIA information search policy. Managing information during administrative change. Best practice guidance on digital storage and preservation. Monitoring and audit. Public sector archival selection statement. Updates on the disposal moratorium.