Page 30 - P6 Slide Taxation - Lecture Day 2 - Trust
P. 30
Section 7(5)
Subject to a condition to the effect that the
beneficiaries shall not receive the income or
some portion thereof until the happening of
such stipulation or condition (therefore applies
to income retained in a discretionary trust).
Donation
TRUST
Donor
Donor is
taxed
Beneficiary
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