The Law Reports (Chancery Division)
[1973] Ch 225
[COURT OF APPEAL]
MILLS
v.
INLAND REVENUE COMMISSIONERS
1972 July 14,
17,
18;
Oct. 17
Oct. 17
Lord Denning M.R., Buckley and Orr L.JJ.
Revenue
— Surtax
— Settlement
— Company employing infant taxpayer at nominal salary
— Large profits earned by providing taxpayer's services
— Dividends paid to trustees of settlement of which taxpayer beneficiary
— Whether taxpayer “settlor”
— Whether taxpayer “provided funds” for “purpose of settlement”
— Whether dividends income arising under settlement
—
Income Tax Act 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), ss. 405, 409 (1) (2) (5) (6), 411 (2)