An interest in possession trust with one life tenant has the following income in 2017-18: (a) Compute
Question:
An interest in possession trust with one life tenant has the following income in 2017-18:
(a) Compute the trustees' income tax liability for 2017-18.
(b) How much income does the life tenan t receive f rom the trust in 2017 -18 and how will this be treated in his or her personal tax computation?
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