TSEM7030 - Tax Cases: Fry v Shiels' Trustees 6 TC 583
Summary
Trustees carried on a business on behalf of minor beneficiaries. »Ê¹ÚÌåÓýappy passed the profits to the beneficiaries.
Decision
»Ê¹ÚÌåÓýapp profits were not directly earned by the beneficiaries, and were not their earned income.