The Law Reports (Chancery Division)
[1951] Ch 1093
[CHANCERY DIVISION]
In re
LYONS; BARCLAYS BANK LD.
v.
LYONS.
[1951 L. 441.]
1951 June 26,
27;
July 11
July 11
ROMER, J.
Will
— Annuity payable by trustees “free of income tax”
— Recovery by annuitant of income tax paid on taxable income by reason of business losses
— Annuitant's liability to account to trustees
—
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), s. 34.