The Law Reports (Appeal Cases)
[1935] AC 398
[HOUSE OF LORDS.]
ASTOR APPELLANT; AND PERRY (INSPECTOR OF TAXES) RESPONDENT.
DUNCAN AND OTHERS APPELLANTS; AND ADAMSON (INSPECTOR OF TAXES) RESPONDENT.
1935 March 15.
LORD ATKIN, LORD TOMLIN, LORD RUSSELL OF KILLOWEN, LORD MACMILLAN, and LORD WRIGHT.
Revenue
— Income Tax
— Foreign Securities
— Stocks and Shares
— Trust Deed
— Income payable to Beneficiary
— Power reserved to Beneficiary to revoke
— Power to obtain beneficial enjoyment for Beneficiary himself
— Income paid to Beneficiary
— Liability of Beneficiary to Income Tax
—
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), Sch. D, Case V., Rules 1, 2
—
Finance Act, 1922 (12 & 13 Geo. 5, c. 17), s. 20, sub-s. 1 (a).