Printed from https://fyi.org.nz/request/27045-foreign-situs-trust on November 05, 2024 13:25

Foreign situs trust

Sovereign sharna made this Official Information request to Department of Internal Affairs

The request was partially successful.

From: Sovereign sharna

Dear Department of Internal Affairs,

Please answer the following questions:

1. What a “foreign situs trust account” is.

2. How a “foreign situs trust account” is created.

3. Who owns the '“foreign situs trust account(s)”.

4. Can Men and Women claim ownership of their “foreign situs trust account” .

5. What is the process for Men and Women to claim ownership of their “foreign situs trust account” .

6. What is a Secured Party Creditor (SPC); and does it apply to “foreign situs trust account(s)” .

7. Is there a Trust Account or a Bond attributed to or created by the “foreign situs trust account”

8. Does to government of New Zealand and its agencies plus those involved in commerce, discharge debts from the “foreign situs trust account(s)” .

9. What does “Accepted For Value” mean; and how is “Accepted For Value” used to discharge debts.

10. Can “Accepted For Value” be used to pay for the purchase of a house

Thankyou

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From: OIA
Department of Internal Affairs

Good morning,

Thank you for your enquiry. The information you have requested is not held by the Department of Internal Affairs and our functions are not related to tax or finance services.

I consulted with the Inland Revenue Department regarding a transfer of your enquiry and they advised:
" This is a request for tax advice rather than a request for Official Information so we wouldn't be able to provide a meaningful response as we are unable to provide tax advice. Really, they need to get independent advice from a tax professional.

I invite you to seek independent tax advice from an accountant or financial advisor. You may also be able to get free advice from the Citizens Advice Bureau: https://www.cab.org.nz/find-a-cab/contac...

Nâku noa, nâ

Michelle Reed (she/her)
Lead Advisor Official Correspondence | Information Management and Privacy
He Ringa Manaaki | Workplace Services Group
He Pou Aronui | Organisational Capability and Services
Te Tari Taiwhenua | Department of Internal Affairs
Level 3, 45 Pipitea St | PO Box 805, Wellington 6140, New Zealand | http://www.dia.govt.nz/

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