Phia van der Spuy looks at the tax treatment of trusts. A complicated part of a trust is that it is a taxpayer of last resort; this means that other taxpayers may have to reflect trust-generated income and CGT in their tax returns rather than the trust on its tax return. Expert advice is vital.
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Phia is a CA with a Masters degree in tax, an FPSA®, a Chartered Tax Adviser, a Trust & Estate Practitioner and the founder of Trusteeze, the provider of a digital trust solution.