Page 32 - P6 Slide Taxation - Lecture Day 2 - Trust
P. 32

Section 7(7)












                                             The right to income is ceded (the donor
                                             remains the owner of the asset) or

                                             •The donor will regain the ownership of

                                             the asset in future.






                                                                    Donation

                  Donor                                                                                                TRUST









                                                                     Donor is taxed

                                                                                                                      Beneficiar
                                                                                                                             y




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