Page 42 - P6 Slide Taxation - Lecture Day 2 - Trust
P. 42
Capital gains
If a resident beneficiary acquires an interest in
a trust asset (for example the asset is
Par 80(1) distributed), then the beneficiary will be taxed
on the capital gain and not the trust.
If the trust sells an asset and distributes the
Par 80(2) capital gain to a resident beneficiary, the
beneficiary is taxed and not the trust.
Subject to attribution rules!
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