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Tax: Practically perfect in every way?
James Hardaker and Daniel Baker look at a case which demonstrates the difficulties trustees face when dealing with tax on royalties ‘Where trustees receive income which is to be accumulated or which is payable at the discretion of the trustees or any person, that income is taxable at the special trust rate or at the …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Howell v Trippier [2004] WTLR 839
- Ranken's Trustees v Ranken (1907) 15 SLT 385
- Travers v HMRCC [2013] WTLR 1831 FTT(TC)