14 August 2013

FTT Decision:Trustees of the PL Travers Will Trust v HMRC

Income tax – trust – copyright royalties – direction not to distribute as income – whether accumulation of income – whether taxable at the rate applicable to trusts – Income and Corporation Taxes Act 1988, s 686 – whether taxable at the trust rate – Income Tax Act 2007, s 479

David Yates acted for HMRC.

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