QuestionOn 1 January 2016, Robert Kent created the Kent Family Trust for the benefit of:i) his wife, Maya (aged 58 years old in 2019)ii) his daughter, Bee (aged 15 years old and a full time student in 2019)iii) his son, Alex (aged 17 years old in 2019)iv) his brother, Tom (aged 48 years old and an undischarged bankrupt in 2019)v) Nation Pty Ltd (of which Norman is the sole shareholder and director).Under the terms of the Trust, he appointed Apex Pty Ltd. (of which he is the sole shareholder and director) the Trustee of the Trust. It is also a term of the Trust that the Trustee has absolute discretion as to how the income and capital of the Trust are to be distributed to the beneficiaries.For the year ended 30 June 2019, the Trustee received the following amounts for the Trust:1. Net Rental Income $90,000 (after all allowable deductions)2. Interest $20,000 (from a fixed deposit account)For the year ended 30 June 2019, the Trustee made the following distribution to the beneficiaries:i) Maya received no other incomeii) Bee received $25,000, as salary, working as a casual employee for David Jones. An amount of $750 was deducted from her salary by David Jones for purposes of PAYG withholdingiii) On 25 June 2019, Alex commenced working full time at Woolworths. As at 30 June 2019, he has not received any salary from Woolworthsiv) Tom received a fully franked dividend of $15,000 from an Australian public companyv) Nation Pty Ltd sold shares in an Australian public company for $40,000 on 29 June 2019. The shares were bought for $20,000 on 1 January 2012.Advice each of Maya, Bee, Alex, Tom, Nation Pty Ltd. And Apex Pty Ltd of their respective liability to tax for te year ended 30 June 2019Please show working so i can follow along. Thank youLawSocial ScienceTax law LAW 2410
