Tax charge for oral trust: person appointed under oral trust taxed at the maximum marginal rate regardless of other provisions. Income of the person appointed under an oral trust shall be chargeable to tax at the maximum marginal rate, irrespective of anything contained in any ... Summary
Tax charge for oral trust: person appointed under oral trust taxed at the maximum marginal rate regardless of other provisions.
Income of the person appointed under an oral trust shall be chargeable to tax at the maximum marginal rate, irrespective of anything contained in any other provision of this Act; "oral trust" has the meaning assigned in the statute.
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