TSEM7045 - Tax Cases: Miller (Lady) v CIR 15 TC 25

Summary

Trustees held a property for the use of the beneficiary. She lived in it ‘free of rent and taxesâ€�. »Ê¹ÚÌåÓýapp trustees paid all outgoings of the house and the estate.

Decision

»Ê¹ÚÌåÓýapp beneficiary was assessable to surtax on

  • the amount assessable Schedules A & B (1919-20)
  • the rates that the trustees paid. »Ê¹ÚÌåÓýapp assessable amount was the rates, plus income tax thereon.

TSEM references

TSEM3786