Distribution to Beneficiaries

James Murphy Tax

Family Trust has a Profit of $ 13,824 + Capital Gain $ 4,728 = $ 18,552

Less Cash Flow Boost Non-Accessible ($ 18,908) = ($ 356) L. The Gain is subject to a 50% Discount.

As there is a loss, is there no distribution to Beneficiaries? Or do I have to remove the Gain from the equation and distribute the Gain to the Beneficiaries?


You are correct – there is no trust distribution for tax purposes. We take it you have already applied the 50% discount to your calculations.