What you need to know about start­ing char­i­ties

Kapi-Mana News - - OPINION/NEWS -

en­ter into con­tracts in its own right.

On the other hand, or­gan­i­sa­tions that are not ‘‘ in­cor­po­rated’’, such as trusts, act in the names of the in­di­vid­ual trustees.

That can raise li­a­bil­ity is­sues for the trustees in­volved and can also cre­ate ad­min­is­tra­tion has­sles when trustees re­tire and new trustees are ap­pointed.

Char­i­ties an­nual re­turn pay­ments

Since July 1, 2014, all char­i­ties with in­come over $10,000 have to pay the an­nual re­turn fee at the time of sub­mit­ting their re­turn to In­ter­nal Af­fairs.

That can be done on­line or in hard copy. Un­til the pay­ment is re­ceived, the re­turn will not be counted as filed by the depart­ment.

There is no fee for char­i­ties with gross in­come un­der $10,000.

Col­umn cour­tesy of Rainey Collins Lawyers, ph 0800 733484. If you have a legal in­quiry you would like dis­cussed in this col­umn, email aknowsley@ rain­ey­collins.co.nz.

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