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Harry Wilson died on 15 December 2017. His will provides that the net income of his estate is to be distributed to the following beneficiaries.
In addition to the distributions in the table above, the trustee also paid the following amounts during the year:
Required
a) Prepare a schedule nominating (5 marks).
b) Calculate the s95 net trust income and the tax payable by the trustee (5 marks).
c) Calculate tax payable by Tony and Steve (5 marks).
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