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Trust - Coggle Diagram
Trust
-
NR
- created outside Msia by non-Msian indv
- all inc derived outside Msia
- administered outside Msia
- at least 1/2 of trustees are NR
- created in Msia
- all inc derived from Msia
- administered in Msia
- all trustees are NR
Distribution
Normal case
- :red_cross:ded
- capital in nature
Special case
- DG invoke S61(2)
- :check:ded from total inc to arrive CI
- :red_cross:applicable to accumulated distrib
Condition
- trust body is R, &
- beneficiary is R
Annuity payable
Tax implication
Trust body
- R / NR trust
- inc derived from Msia
- :check:ded
Recipient
- taxed as s4(e)
- derived from Msia
- trust body R
- all inc derived from Msia
If trust body is R
- annuity payable is fully chargeable even if :red_cross:fully ded
If trust body is NR
- annuity payable is chargeable to the extent tht is ded