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TRUST - Coggle Diagram

- - - - distribution not deductible for trust body
        
        total Y of trust body still includes distribution
        
        tax will pd by trust body on distributed amount of total Y
        
        when beneficiary subj to tax upon receiving distribution, there is double tax
        
        S110(8) is claimable
  - - - deductible from total Y to arrive at CI
        
        total Y has excluded distribution, not subject to tax on trust body
        
        when beneficiary subj to tax upon receive distribution, no double tax
        
        S110(8) not claimable
    - - distribution not deductible for trust body
        
        total Y of trust body still includes distribution
        
        tax will be pd by trust body on distributed amount of total Y
        
        when beneficiary subj to tax upon receiving distribution, there is double tax
        
        S110(8) is claimable
  - - - the distribution did not deductible for trust body
        
        total Y of trust body includes distribution
        
        tax will paid by trust body on distributed amount of total Y
        
        beneficiary is not subj to tax when receive distribution as it is capital receipt
- - - - trust body of trust is R for that YA
      - beneficiary who has sh of total Y of trust body for that YA is R for YA
- - - - Annuity payable is fully deductible in arriving at total Y of both R & NR trust provided all of its Y is derived fr Mas
      - annuity payable from Mas derived Y is deductible
    - - annuity is periodical payment, taxable as S4(e) Y
        
        provided Y is derived from Mas
        
        deemed to derived fr Mas
        a) when trust body is R in Mas, or
        b) when all Y of trust body is derived fr Mas
        
        If trust body is R in Mas
        
        amount of annuity derived fr Mas is annuity payable figure
        
        amount of annuity taxable on recipient is RM20k
        
        the annuity payable to recipient is fully chargeable even if annuity is not fully deductible in calculate total Y of trustees for YA
        
        If trust body is NR
        
        the amount of annuity derived fr Mas is RM17k
        
        amount of annuity taxable on recipient is RM17k
        
        amount taxable is only to the extent that it is deductible in arriving at total Y of the trust