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HD 12: Trusts
or “Tax responsibilities for trusts and their beneficiaries”
You could also call this:

“Trustees act as representatives for unit trusts' income”

If you have a unit trust, the trustee is considered an agent of the unit trust. This means the trustee acts on behalf of the unit trust for any income that the unit trust earns. It’s like the trustee is the unit trust’s helper when it comes to dealing with money the unit trust receives.

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Next up: HD 13B: AIM companies

or “Companies using AIM for provisional tax with shareholder-employee pay arrangements”
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Part H Taxation of certain entities
Agents

HD 13Unit trusts

  1. A trustee of a unit trust is treated as an agent of the unit trust in relation to income derived by the unit trust.

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