Whether a trust has an income tax liability does not depend on which of the following?

Name: Whether a trust has an income tax liability does not depend on which of the following?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Whether a trust has a income tax liability depends on various factors including the wording of the trust deed, the type of trust, and whether the trust has a TFN. However, it does not depend on whether the income earned by the trust is distributed to its beneficiaries.

Whether a Trust Has an Income Tax Liability Does Not