Explain in detail, how Trust Income is Taxed. (200 words).Consider in your answer if the trustee is a resident/ non-resident, trust deed and tax law, franked distributions and capital gains, beneficiaries etc. Provide a reference source for this information.

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Explain in detail, how Trust Income is Taxed. (200 words).
Consider in your answer if the trustee is a resident/ non-resident, trust deed and tax law, franked distributions and capital gains, beneficiaries etc.
Provide a reference source for this information.
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