Continuing with our Trusts series, in this episode, we delve into the various avenues through which Trusts can acquire assets and explore the potential tax implications, specifically focusing on donations tax. Join us as we delve into the intricacies of asset acquisition within Trusts and unravel the tax considerations that can arise with a brief discussion on Section 7C of the Income Tax Act. Whether you're a trustee or a beneficiary, this episode equips you with the knowledge to make informed decisions when managing Trust assets and ensuring a solid financial future.

Audio Clip -

Trust - Getty Oil Trust Structure Explanation Scene.