Income tax paid by Trust

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NIL
73 Points Posted on 02 July 2020
income tax paid by Trust - is it an application of income?
income tax refund by trust- is it an income?
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On 02 July 2020 at 01:17 Report
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This discussion clarifies the tax treatment of trusts. It addresses whether income tax paid by a trust is considered an application of its income. Furthermore, it clarifies that an income tax refund itself is not income, although any interest earned on that refund would be taxable.

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Practice
3235 Points Posted on 02 July 2020
Income tax refund is never an income only the interest earned on refund is an income..
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On 02 July 2020 at 08:51
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NIL
73 Points Posted on 02 July 2020
Income tax paid by trust - is it an application of income?
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On 02 July 2020 at 10:42

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