The taxpayers were trustees of a trust which had received bonuses by way of shares issued in lieu. They appealed a finding of being taxable on the payments as income and subject to higher rates of tax. Held: The section was poorly worded, but the argument presented by the trustess would present anomolous results. The … Continue reading Paul Jonathan Howell, Alan James Morton v Linda Trippier (HM Inspector of Taxes): CA 13 Jul 2004