Trusts fundamentals

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Unit details

Level:   Professional 

Estimated learning duration:   10 hours

 CPD:   10 hours

Assessment: Part 1: 20 multiple choice questions within 60 minutes. 75% pass mark.
2 attempts permitted.

Part 2: 6 scenario-based multiple choice questions within 45 minutes. 80% pass mark.
2 attempts permitted.

Assumed knowledge:    It is recommended that you have an understanding of the taxation of income and income tax deductions as well as an introductory level of knowledge about the concepts of residence and source before undertaking this unit.



Learning outcomes:

  • Explain general trust principles.
  • Calculate the net income or loss of a trust estate.
  • Determine the taxation treatment of the distribution (or non-distribution) of the net income of a trust estate.