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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

The beneficiaries have not set up the Trust - Therefore it ...


Beneficiaries' Failure to Establish Trust Means No Association of Persons for Tax Purposes in Mezzanine Fund Investments.

October 27, 2014

Case Laws     Income Tax     AT

The beneficiaries have not set up the Trust - Therefore it cannot be said that the beneficiaries have come together with the object of carrying on investment in mezzanine funds which is the object of the trust - They cannot be regarded as an AOP - AT

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