1 September 1992 Roundtable, 9213470 F - FMV Of An Interest In A Fully Discretionary Trust

By services, 7 July, 2022
Official title
FMV Of An Interest In A Fully Discretionary Trust
Language
French
CRA tags
69(1)
Document number
Citation name
9213470
Severed letter type
Conference
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
650138
Extra import data
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Main text

Alfred Ho

September 1992

CANADIAN TAX FOUNDATION

B.C. CONFERENCE

SEPTEMBER 1992

QUESTION 31 - INTEREST IN A FULLY DISCRETIONARY TRUST

Does the Department agree that the fair market value of an interest in a fully discretionary trust is nil?

DEPARTMENT'S POSITION

The fair market value of an interest (either income or capital) in a fully discretionary trust is, generally, indeterminable due to the discretionary power of the trustee.

Canadian Tax Foundation - B.C. Conference

Section 31