Two years later as the business continues to succeed Anthony wants to establish a legacy and make provision for a charity for disadvantaged kids to access playing golf. He has heard about a trust account and wants to know how they operate and whether it is a suitable option.

Q7c. A trust will change Anthony's tax obligations. Who is responsible to meet the tax obligations of a trust?

Answer rating: 100% (QA)

In general the responsibility for meeting the tax obligations of a trust falls on the trustees of th... View the full answer