TSEM7010 - Tax Cases: CIR v Hamilton of Dalzell (Lord) 10 TC 406
Summary
»Ê¹ÚÌåÓýapp taxpayer had a life interest in the trust income after expenses. »Ê¹ÚÌåÓýapp trust deed allowed him to receive the full income and pay the expenses himself.
Decision
His income for surtax purposes was the income after expenses.