Determining residence of a trust body

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. Does the taxability in respect of trust income depend upon the tax residence of the trustees -

  2. In which of the following circumstances is a trust not tax resident in Malaysia?

  3. Is a Malaysian resident trust liable to income tax on -

  4. Is a beneficiary’s share of trust income deemed to be derived from Malaysia -

  5. In example 7 Sam, a non-resident, was entitled to RM10,000 of the trust income for the year of assessment 2007. Did he have to pay tax of -

  6. Is a trust in which the trustees are given power to allocate income between members of a class is called -

  7. In a discretionary trust is the income tax liability of a beneficiary for a year of assessment -

  8. Are trusts used in Malaysia -

  9. In which of the following situations is income from a settlement on a relative of the settlor not treated as income of the settlor?

  10. In which of the following situations may a settlement be an effective means of reducing a settlor’s income tax liability?

  11. In which of the following situations may a settlement be an effective means of reducing a settlor’s income tax liability?