The Law Reports (Chancery Division)
[1952] Ch 129
[COURT OF APPEAL]
In re
LYONS. BARCLAYS BANK LD.
v.
LYONS.
[1951 L. 441.]
1951 Nov. 8,
9,
12;
Dec. 3.
Dec. 3.
Evershed M.R., Jenkins and Morris L.JJ.
Will
— Annuity payable by trustees “free of income tax”
— Recovery by annuitant of tax paid in respect of annuity by reason of business losses
— Annuitant's liability to account to trustees
—
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), s. 34.