Juliet Aspen created a trust on $1$ March $2019$ in favour of her three grandchildren Kenny, John, and Zweli

$($aged $21,22$ and $24$ years respectively on that date$).$ Their father is Mike Aspen, Juliet$$s $55-$year$-$old son.

Kenny, John and Zweli each have a vested right to one third of the retained income of the trust. Juliet

donated a farm with a market value of R$2000000$ to the trust.

The annual rentals derived from the farm were R$160000.$ The trust will be wound up two years after Juliet$$s

death. The farm will be sold and its proceeds will be distributed equally among the beneficiaries who are

alive at that stage.

Mike Aspen sold a flat at its market value of R$900000$ to the trust on $1$ May $2019.$ The selling price was left

owing as a loan account bearing market$-$related interest at $8\%$ a year, repayable on the dissolution of the

trust.

The trustees have a discretion regarding the amounts to be distributed to the beneficiaries, provided that

each beneficiary receives the same amount. Distributions to Kenny, John and Zweli were R$25000$ each up to

$31$ August $2021$ and R$30000$ each up to $28$ February $2022.$

The following information relates to the $2022$ year of assessment:

Receipts and accruals $1$ March $-31$

August

$1$September$-28$

February

Net rentals $$ farm $($after deduction of allowable expenditure$)7700077000$

Net rentals $$ flat $($after deduction of interest and repairs$)890012600$

Net income $$ current year $8590089600$

YOU ARE REQUIRED TO calculate the taxable income of the Trust, Kenny, John and Zweli for the $2022$

year of assessment?