TITLE

TAX CASE REVIEW

AUTHOR(S)
Greene, Chris; Maddalena, Christina
PUB. DATE
March 1995
SOURCE
Accountancy;Mar1995, Vol. 115 Issue 1219, p119
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article comments on several British Inland Revenue tax cases as of March 1995. The court in the "Bennett and Others" case ruled that the surplus trust income in the case was normal expenditure and was not an exempt transfer for inheritance tax purposes. In the case "Wilcock v. Eve," the court ruled that an ex gratia payment by a holding company to an ex-employee under a stock option scheme was not assessable.
ACCESSION #
9504211387

 

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