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INCOME TAXATION LAW & PRACTICE

Objectives

This is the only tutorial for the topic taxation of trusts. The objective of this tutorial is to practice problem solving skills; both through self-assessment of conceptual knowledge of the topic and through tutorial discussion of the topics set out below.

Tasks

1. Please prepare short answers to the following discussion topics:

(a) What is a trust? Explain the differences between a discretionary trust and a fixed trust. List some ways in which the taxation of a trust differs from that of a partnership and a company.

(b) How is the net income of a trust calculated? Why would Trust Income and s95 Trust Net Income differ?

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Taxation, Accounting

Category:- Taxation
Reference No.:- M91423526
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