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QUESTION2.3 (Assessmentoftrustnetincome) TheestateofthelatePhilScoldderivednetincomeof$100,000duringthe 2021/22 taxyear. TheWillofthedeceasedprovidedthat90%ofanynetincomeoftheestate was tobedistributed equallytoeachofhisthreechildren, Eric,Derek,andMerrick,noneofwhomareunderalegaldisability. Thebalanceis notsubject to anypresent entitlement. Who isassessedforthenetincomeofthetrust? WhichsectionsoftheActapplyinmakingtheseamountsassessable?

QUESTION2.3 (Assessmentoftrustnetincome)

TheestateofthelatePhilScoldderivednetincomeof$100,000duringthe

2021/22 taxyear.

TheWillofthedeceasedprovidedthat90%ofanynetincomeoftheestate was tobedistributed equallytoeachofhisthreechildren, Eric,Derek,andMerrick,noneofwhomareunderalegaldisability.

Thebalanceis notsubject to anypresent entitlement. Who isassessedforthenetincomeofthetrust?

WhichsectionsoftheActapplyinmakingtheseamountsassessable?

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