Charities

/Charities
29 05, 2011

Trustees’ Duties

By |2 Comments

The duties of trustees of a charitable trust are contained in the trust deed, Trustees Act 1956, Charitable Trusts Act 1957 and Charities Act 2005.  The duties continue until the trustee resigns, although in certain circumstances they can continue after resignation. The primary duties of a trustee are to: comply with the terms of the [...]

29 05, 2011

Trustee Liability – Charitable Trusts

By |0 Comments

The Trustees of the board of an incorporated charitable trust are generally not personally liable to the creditors of the trust. Charitable trusts can be incorporated under the Charitable Trusts Act 1956.  An incorporated charitable trust is a separate legal entity and is liable for the obligations of the trust.  Unless the trustees expressly undertake [...]

1 10, 2010

No gift duty is payable on gifts to charities

By |2 Comments

Generally if you give someone a substantial gift you will have to pay gift duty.  However, if you make a gift to a charity you do not have to pay gift duty. For example, a society (XYZ Society Incorporated) can transfer land to a charity (XYZ Trust) for free without paying gift duty. The society [...]

Whangarei Lawyer Regent Law Northland