Copyright (c) 2009 All rights reserved. http://works.bepress.com/anna_everett Recent documents in Anna Everett en-us Sun, 31 May 2009 03:28:21 PDT 3600 http://works.bepress.com/anna_everett/1 http://works.bepress.com/anna_everett/1 Thu, 12 Feb 2009 15:15:11 PST The correct allocation of tax liability under a trust is determined by reference to the beneficiary's 'present entitlement' to the income of the trust. It is apparent that the equitable nature of the parties' interests, under a trust, has made the determination of tax liability difficult. In order to clarify the position, this article will outline the equitable principles referred to in case law. Anna Everett