
z_Trusts & Estate Planning
Taxing beneficiary income of minors at 33% rate
Tuesday 17th of October 2000
Summary of proposed amendment
Certain distributions of beneficiary income to a child under the age of 16 years will be taxed at a final tax rate of 33%. This minor beneficiary rule is aimed at ensuring that families with a trust do not gain a tax advantage over families without a trust.
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