Home – New Forums Starting your journey Profit distribution Reply To: Profit distribution

  • Total posts: 44
Dardee, post: 4565 wrote:
It might be an idea to set up a discretionary trust for the business (if travel agents are allowed to trade via a trust) so that you can distribute the income as you see fit. There is a bit to it but your accountant will be able to advise on this.


Make sure that your accountant is a Trans-Tasman specialist. NZ tax law isn’t friendly when it comes to non-residents and trusts, and companies also come with their own traps when crossing borders.