A testator, resident in America, by his will vested his property in trustees, and directed them in their discretion to apply the trust funds for the benefit of his grandchildren. The testator’s son’s widow was now resident in England with the children, and as guardian of the children received remittances from the trustees in America for their maintenance and education.
Held that these remittances were assessable to income tax under section 100, case 5, of the Income Tax Act 1842, Sched. D, as being moneys received in England in respect of foreign possessions.
Decision of the Court of Appeal reported [1914] 2 K.B. 643, affirmed.
Judges:
Earl Loreburn, Lords Atkinson, Parker, Sumner, and Wrenbury
Citations:
[1915] UKHL TC – 6 – 525, [1915] UKHL 527, 53 SLR 527, 6 TC 525
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 26 April 2022; Ref: scu.620687