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Len Ferguson

Len Ferguson

Joined: 1/17/2025

  • House owned in trust and tax obligations

    3 months ago – House owned in trust and tax obligations
    Hello, when my mum passed away she set out a trust in her will. With the funds from the trust a property has been bought and rented out. What is the process for declaring the income and paying tax? The trust has been registered with the property included, there are two trustees and one of the trustees is also a benefactor but takes no money from the income.