Question 1 (Marks: 30)
Kabelo Nkosi (72 years old) established the Nkosi Family Trust in South Africa in 2019 for the benefit of his three unmarried children, Sipho, Brigitte and Damian. The children are all South African tax residents. On 28 February 2022, Sipho was 26 years old. He lives and works in urban.Brigitte was 22 years old and a full-time student at Varsity College. Damian was a 15-year-old scholar. The assets of the trust were all donated by Kabelo. The trustees a...