HL Surtax – Settlement – Payments by a body corporate connected with a settlement made to third parties at settlor’s request and debited to his current account with the company-Whether payments constitute capital sums paid directly or indirectly to the settlor – Finance Act, 1938 (1 and 2 Geo. VI, c. 46), Section 40.
Citations:
[1950] UKHL TC – 32 – 211
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 28 June 2022; Ref: scu.560168
