Assume that a discretionary trust has the same income and expenses in 2023-24 as the trust described

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Assume that a discretionary trust has the same income and expenses in 2023-24 as the trust described in the above example. Assume also that a payment of £5,500 was made to a beneficiary during the year.

(a) Compute the trustees' income tax liability for 2023-24.

(b) Show how the £5,500 received by the beneficiary will be treated in his or her personal tax computation.

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