TSEM7050 - Tax Cases: Murray (Elizabeth) v CIR 11 TC 133
Summary
»Ê¹ÚÌåÓýapp taxpayer was entitled to one half of the residuary estate. »Ê¹ÚÌåÓýapp trust directed the trustees to pay trust expenses.
Decision
»Ê¹ÚÌåÓýapp beneficiary’s income was half of the net income after the trustees had paid the expenses.