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Pen923  Form

Pen923 Form

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section seven is an important section for us but it is important to remember from the start that it is not a section that is only applicable to trusts this is a common mistake that students make because they quite often ask section 7 in trust questions but it's incidental to the fact section 7 is not not applicable only to trusts it is applicable Whenever there is a donation settlement or other similar disposition these are the words that you'll see in the act in section 7 so basically what that means is if there's a donation then you should consider section 7 now what section 7even does is it prevents people from avoiding or reducing or deferring or transferring the liabilities for tax so for example and this is the concept that you need to understand now the whole time we have a person here Mr X and I'm going to call him from the start now the donor Now understand to be a donor you either donate something and we know what a donation is I donate somethi

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