Consultation Hub

Let us know what you think about our drafts. Are they technically accurate? Do they fairly reflect taxation legislation? Are they in line with commercial reality and useful in practical situations?

Current consultations

Draft items produced by the Tax Counsel Office represent the preliminary, though considered, views of the Commissioner of Inland Revenue. They cannot be relied on by taxation officers, taxpayers and practitioners.

Income tax – Whether money or property received by New Zealand tax residents from overseas is income from a foreign trust

This draft interpretation statement updates and will replace IS 19/04 Distributions from foreign trusts. Please refer to the reading guide in the shaded box before the contents for a description of changes. This interpretation statement considers the income tax treatment of amounts of money or property that New Zealand tax residents receive from a person overseas, including through inheritance. It addresses how to determine whether the person who transfers the money or property is a...

Expired consultations

Expired draft items have been out for consultation and the comment deadline has passed. They are still being considered or are on hold pending litigation or review by Inland Revenue’s Policy and Regulatory Stewardship team.

Consultation Hub

Current consultations

Income tax – Whether money or property received by New Zealand tax residents from overseas is income from a foreign trust

Expired consultations

Morningside Drive Bus Gate - Proposal to extend operational times

SEALED ORDER DOCUMENTS - M215 Worksop to Blyth - 40mph Speed Limit

Reynolds Road - Proposed prohibited left and right turns