TSEM7065 - Tax Cases: Tollemache (Lord) v CIR 11 TC 277
Summary
Trustees held a mansion in trust. »Ê¹ÚÌåÓýappy allowed a beneficiary to live there rent-free. »Ê¹ÚÌåÓýappy used trust funds to pay Schedule A, rates and surtax for the beneficiary.
Decision
»Ê¹ÚÌåÓýapp payments were the beneficiary’s income for surtax purposes.