TRUST INFORMATION CHECKLIST

31st March 2024 Financial Year

This “Check List” is to assist you when supplying us with records and information to enable us to prepare Financial Statements and Tax Returns for the financial year ended 31st March 2024 in a timely, efficient and cost effective manner.

Checklists are problematic. They are designed to cover all possible senerio's, often a good deal of irrelvant information. Cumbersome especially for those who may have had no or limited changes during the year.

So, our question to you is

- would you like us to proceed in compiling your financials and tax returns, requesting from you specific information we believe we don't hold/ or can't access via third parties (IRD, ACC etc) and provide you with a final checklist to sign off on - a checklist in reverse so to speak?

OR

- No thanks, I will fill out this checklist as it is a good refresher for me. Please select one option from the dropdown list below and it will funnel you through to the end for signing, including confirming your contact details plus acknowledging our updated Terms of Engagement.

SELECT FROM DROPDOWN LIST BELOW *

PLEASE ENSURE YOU HAVE ANSWERED THE QUESTION ABOVE BEFORE PROCEEDING ON

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Contact Details

Trust Name: *

IRD No:

Contact First Name *

Contact Last Name *

Postal Address

Address Line 2

City

Postal Code

Phone Number *

Email Address *

Trust Details

Changes to Trust legislation have been made, with the provisions of the new Trusts Act 2019 that came into effect on 30 January 2021, generally meaning Trustee's duties are formalised in legislation. The requirements placed on Trustees are higher. The information we are asking below is to ensure that the Trustee's can fulfil the job as Trustee of the trust to the level that is now clarified by legislation.

Trust Administration

Have there been any changes to the Trustees during the year? *

Yes

Yes, please upload documents

Have there been any changes to the Beneficiaries during the year? *

Yes

Yes, please upload supporting documentation/resolutions

Have there been any Deeds of Acknowledgement of Debt or Forgiveness in Reduction of Indebtedness actioned during the year.
(Not to be confused with Gifting, this is next) *

Yes

Yes, please upload relevant Deeds of Acknowledgement of Debt.

Have there been any Gifts, Deeds of Foregiveness of Debt made to the Trust during the year? *

Yes

Yes, please upload deeds or documents detailing Gifting and/or Forgiveness of Debt

Have there been any income or capital distributions made to the Beneficiaries during the year? *

Yes

Yes, please upload documents detailing distributions made

Have there been any amendments, variations to the Trust Deed during the year? *

Yes

Yes, please upload documents detailing amendments to Trust deed.

Does the Trust have any Settlors / Trustees / Beneficiaries who reside overseas? *

Yes

If yes, please provide details being - Name - Country of residence - Date left (approximate) to live overseas *

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Trust Information

Major changes and transactions

Has the nature of the Trust changed during the past twelve months or have there been any major transactions (such as purchase / sale of property, acquisition or disposal of significant investments)?

Yes

If yes, please note details and upload supporting documentation

Trust Income and Assets

Trust Bank Account
Please upload copies of bank statements showing closing bank balance across all Trust bank accounts at 31st March 2024 (or a screen shot from your internet banking)

Managed Investments
Does the Trust have funds invested with a Financial Advisor? *

Yes

If yes, please upload the Portfolio Report and the Taxation Report (full reports) as at 31st March 2024

Term Deposits
Does the Trust have money on deposit with a bank/lending institution? *

Yes

If yes, please upload RWT certificates detailing total interest earned and RWT deducted:
(Note, you may have to go onto your internet banking to download as these may not be automatically sent to you)

Please upload statements showing balance of Term Deposits as at 31st March 2024

Share Investments
Does the Trust hold investments in shares in NZ listed companies? *

Yes

Please upload Share Portfolio Holding as at 31 March 2024
(Note, annual tax summary from Computershare and/or Link Market Services show holdings and can be requested for approximatey $60.00. This is recommended for those whom have multiple share investments.)

PIE (Portfolio Investment Entities)
Does the Trust hold investments in a PIE investment? *

Yes

Please upload annual tax summary and statements showing balance of PIE investments at 31 March 2024

Overseas Investments
Did the Trust have any interest in offshore entities, e.g bank accounts, superannuation schemes, unit trusts, life insurance policies, shares in overseas companies, loans to foreign entities.

Note, if the Trust has offshore investments we will need to contact you in relation to applying the foreign investment fund (FIF) rules *

Yes

Please provide full details and upload any supporting documentation:

Overseas Income
Did the Trust receive any income from overseas? *

Yes

If yes, please provide full details of income and upload any supporting documentation:

Trust Assets
Have any assets of the Trust been purchased or sold during the year that has not been previously detailed above? *

Yes

Please provide full details and upload any supporting documentation:

Does the Trust receive Rental Income? *

Yes

Please complete our Rental Schedule

Does the Trust receive Business Income from Trading activities? *

Yes

Please also complete the business checklist on completion of this return.

Partnership / LTC / Estate Income
Did the Trust receive income/losses from Partnerships, Estates, or LTC companies? *

Yes

Does Takapuna Tax prepare financials for the Partnerships, Estates, or LTC companies? *

Yes

Takapuna Tax will hold the information required, no need to provide any additional information.

Have these financials been completed and in your possession.
(If no, select no, continue on and we will complete pending receipt of final information) *

Yes

Please upload financials and tax summary prepared for you.

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Anything else?

Please list any further issues, items or queries you think may be of assistance in completing your Trust Financials and Tax returns, or questions you may want discussed when returns finalised.

Declaration

I have read and accept the Terms of Engagement - Terms of Engagement *

Yes

Sign below *

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