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Is the creation of a present entitlement to the capital or income of the trust a payment?

April 26, 2017Capital creation Entitlement income payment PRESENT Trust

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Is the creation of a present entitlement to the capital or income of the trust a payment?

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No. The creation of a present entitlement to the capital or the income of the trust in favour of the beneficiary or private company is not taken to be a payment.