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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
, see all updates

Tax Cases: MacFarlane v CIR 14 TC 532

Summary

The taxpayer was entitled to the residuary estate. The trust directed the trustees to pay trust expenses.

Decision

The beneficiary’s income was the net income after the trustees had paid the expenses

TSEM references

TSEM8320