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The Smith Family Trust (the Trust) operates a pharmacy. The following figures are provided from the Tax Return of the Trust for the year ended
The Smith Family Trust ("the Trust") operates a pharmacy. The following figures are provided from the Tax Return of the Trust for the year ended 30 June 2018: Income of $250,000, Unfranked Dividends of $50,000, and applicable deductions of $20,000. The beneficiaries of the Trust are: 2 Required: Discuss how the net income of the Trust would be assessed for the year ended 30 June 2018. Legislative references to ITAA36 and ITAA97 must be used. The Smith Family Trust ("the Trust") operates a pharmacy. The following figures are provided from the Tax Return of the Trust for the year ended 30 June 2018: Income of $250,000, Unfranked Dividends of $50,000, and applicable deductions of $20,000. The beneficiaries of the Trust are: 2 Required: Discuss how the net income of the Trust would be assessed for the year ended 30 June 2018. Legislative references to ITAA36 and ITAA97 must be used
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