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PAYG and Trusts

Published on 29 Aug 00 by THE TAX INSTITUTE

The first quarterly instalment under PAYG is due on 21 October 2000. Generally it will be beneficiaries who will be required to pay instalments rather than trustees. However, beneficiaries will need to be advised of their "share" of the quarterly instalment income of the trust in order to meet their instalment obligations. If you are involved with trusts, either as an advisor or beneficiary, you should view this video.

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Click here to expand/collapse more articles by Janet FINLAY.
Wayne is a Senior Tax Manager with PKF.
Current at 15 March 2005
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