Gifting does not give full protection
Diana Clement recently interviewed Phil Morgan Rees of the Guardian Trust on the subject of gifting to trusts and the recently changed laws surrounding this practice. As pointed out by Morgan Rees, “Gift duty is only one aspect to be considered. [The rule change] just means you don’t have to file a return to the IRD and you won’t be taxed. What hasn’t been changed is more important.” The full article that appeared on the New Zealand Herald website can be found here.