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In the case where there are two or more trustees of one trust subject to corporate taxation, the provisions of this Act apply by deeming the trust assets and liabilities of each trustee pertaining to the trust subject to corporate taxation to be the trust assets and liabilities of one person.
In the case prescribed in the preceding paragraph, each trustee referred to in that paragraph is to pay the corporation tax pertaining to the trust subject to corporate taxation, with the trustee that presides over the trust affairs of the trust subject to corporate taxation referred to in that paragraph as the taxpayer.
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