Tax planning for a trust will have failed where the trust has become a non-complying trust (NCT). That is because distributions from a NCT are taxed at 45% in the hands of a beneficiary unless an exception applies...
Tax planning for a trust will have failed where the trust has become a non-complying trust (NCT). That is because distributions from a NCT are taxed at 45% in the hands of a beneficiary unless an exception applies...