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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
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Tax Cases: Murray (Elizabeth) v CIR 11 TC 133

Summary

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

Decision

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

TSEM references

TSEM8320