Basic Concept-Section 100A and Reimbursement Agreement

We are your wingmen in tax Home Basic Concept Section 100A is an anti-avoidance rule that can apply where a beneficiary’s trust entitlement arose from a reimbursement agreement. Broadly, a reimbursement agreement involves an arrangement under which a beneficiary is made presently entitled to trust income and: someone other than that beneficiary receives a benefit […]

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