A trust set up under the will of Encik Shiva who passed away in 2019. In the trust deed, three quarter of the trust income is to be distributed to Robert and Alberto (sons) and the balance is to be distributed to Kavita and Vanita (daughters) at the discretion of the trustee. The trustee is a Malaysian Resident.

Infomation in respect of trust for the year assessment 2020:

Adjusted business income 450,000

Capital Allowance 50,000

Gross rental income 38,000

Revenue expenses 12,000

Renovation cost 6,000

Dividend from Corona Bhd 13,000

Interest from Agrobank 40,000

Annuity to Jane (aunt) 72,000

Donation to approved institution 100,000

Distribution to Kavita 210,000

Distribution to Vanita 90,000

REQUIRED:

calculate the chargeable income of trust body and the statutory income of each beneficiary for the year assessment 2020