Page 25 - Taxation P6 - Lecture day 2 Notes - Trust
P. 25

Section 7











                                                                                                        Income

                                                                                                      generated
                                                                                                      from asset.













                           Donor                      donates asset                                  TRUST









                                                                 Donor is taxed

                                                                  on income if

                                                               section 7 applies



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