Page 14 - P6 Slide Taxation - Lecture Day 2 - Trust
P. 14

Section 25B









          • Subject to attribution rules in section 7.




          • If income does not vest in beneficiary and is



               retained in the trust, the trust is taxed.



          • If trust income vests in beneficiary, it flows



               through the trust and beneficiary is taxed.





















                                                                                                                                   14
   9   10   11   12   13   14   15   16   17   18   19