TSEM7005 - Tax Cases: Carver v Duncan STC 356
Summary
»Ê¹ÚÌåÓýapp trustees paid insurance premiums to protect against CTT liability. »Ê¹ÚÌåÓýappre were powers in the trust document to permit the payments.
Decision
»Ê¹ÚÌåÓýapp payments were not trust expenses deductible under FA/73S16 (2)(d).
TSEM references
ÌýTSEM8105, TSEM8110, TSEM8115, TSEM8125, TSEM8130, TSEM8140, TSEM8230, TSEM8235, TSEM8740,TSEM8747